Swiss Life shares rise on bid speculation -traders

LONDON (Reuters) - Shares in Swiss Life <SLHN.VX> add 2.3 percent in heavy volume, the top gainer in the European insurance sector <.SXIP> on Tuesday, with traders citing speculation of a possible bid from Germany's Allianz <ALVG.DE>.

"Allianz interested in Swiss Life - old rumour being rehashed in Switzerland it seems," said a Paris-based equity trader.

Allianz and Swiss Life both declined to comment.

(Reporting By Andrea Lentz, Blaise Robinson, Jonathan Gould and Paul Arnold; Writing By Toni Vorobyova)