Anbang Insurance Group Co., the troubled Chinese insurer seized by the government, is interviewing investment banks to advise on potential asset divestments, people with knowledge of the matter said.
The once-acquisitive insurer plans to hire an adviser to manage the sale of parts of its portfolio, according to the people, who asked not to be identified because the information is private. Some bankers were in Beijing earlier this month pitching officials from Anbang and the Chinese banking and insurance regulator, one of the people said.
