Deal talks: an announcement may be close on the sale of Athora’s German businessBermudian-based Athora is closing in on a deal to sell its German unit to Frankfurter Leben, the life insurance consolidator controlled by China’s Fosun International, people with knowledge of the process said. Representatives for Frankfurter Leben and Athora declined to comment. Athora has been exploring options for the German division including a potential sale, after struggling to grow, Bloomberg News reported in January. The German business manages a closed-book portfolio of traditional life, unit-linked and pension policies for about 140,000 customers. Fosun’s Frankfurter Leben manages about 700,000 insurance contracts with an investment portfolio of roughly €13 billion.