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Swiss Life shares rise on bid speculation -traders

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(Globalpost/GlobalPost)

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)

http://www.globalpost.com/dispatch/news/thomson-reuters/130326/swiss-life-shares-rise-bid-speculation-traders