The Wall Street Journal: Anbang life-insurance unit plans IPO

HONG KONG — Anbang Insurance Group Co. plans an initial public offering of its life-insurance unit, a move that could increase disclosure at the opaque Chinese insurer that made an aborted $14 billion bid for Starwood Hotels & Resorts Worldwide Inc. this year.

The Beijing-based insurer in recent weeks has held discussions with investment banks about an IPO of Anbang Life Insurance Co., according to people familiar with the situation. The unit could list by the middle of next year in Hong Kong, one of the people added.

The IPO is a top initiative for Anbang Insurance Group so it can expand the business.

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