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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)