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Achmea in talks with NN Group, Athora to sell life insurance business, sources say

Dutch insurer Achmea has held early stage discussions about a potential sale of its life insurance operations, including with rivals NN Group and Apollo Global Management-backed Athora, four people familiar with the matter told Reuters. Achmea, an insurance cooperative backed by Rabobank, said this week it was "exploring internal and external options" for its Pension & Life Insurance arm. Achmea is working with bankers at JPMorgan to gauge interest in the business, which manages more than 40 billion euros in assets largely from legacy insurance policies that are no longer sold to new customers, the four people said, speaking on condition of anonymity.