Vivat NV confirmed that its China-based parent, Anbang Insurance Group Co. Ltd., is reviewing its strategic options regarding its ownership of the Netherlands-based insurance company.
A sale of Vivat is one of the options being considered, as is Anbang's continuing to own the business. The company confirmed that Anbang appointed J.P. Morgan to assist in the review, as Reuters reported in September.
Companies that have shown interest in Vivat include ASR Nederland NV, Aegon NV, Allianz Group and Apollo Global Management LLC unit Athora Holding Ltd.
Anbang is now in the hands of the Chinese government after it seized control of the insurer in February, saying it had broken insurance laws and put its solvency at risk. Anbang is also reportedly considering selling Belgian insurer FIDEA NV.