According to sources, Deutsche Bank and its asset manager DWS Group are exploring a significant minority stake in a life insurance consolidator controlled by Fosun International. This potential move could signal the German lender's return to the life insurance market, a sector it previously exited. Details regarding the size of the investment remain undisclosed.

The move suggests Deutsche Bank is aiming to capitalize on the growing demand for life insurance products, particularly in Asia. The life insurance sector offers attractive opportunities for asset managers to deploy capital and generate fee income. Previously, many European banks retreated from insurance to focus on core banking. However, it appears Deutsche Bank is re-evaluating its approach.

This potential investment could bolster Deutsche Bank's wealth management and asset management divisions. The firm has been under pressure to improve profitability and expand its offerings. Investors will be watching to see if this deal materializes and the extent of Deutsche Bank's ambition in the insurance space. Further details on the stake's valuation are highly anticipated.