Blackstone (BX) is reportedly joining up with former AIA Group chief Mark Wilson and Swiss Re to...

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

Blackstone (BX) is reportedly joining up with former AIA Group chief Mark Wilson and Swiss Re to bid for ING's (ING) Asian insurance business. The consortium may make a bid of €5B-€6B ($6.1B-$7.3B), which, at the upper end, would match the $7B that ING is looking for. Other bidders include AIA, Korea Life Insurance and Manulife (MFC).