FRANKFURT (BLOOMBERG) - Chubb's US$23 billion (S$31 billion) takeover offer for Hartford Financial Services Group has prompted Germany's Allianz to study the feasibility of a counter offer, according to people familiar with the matter. Europe's biggest insurer is discussing its options with potential advisers, said the people, asking not to be identified because the discussions are private. While Allianz views Hartford as one of the remaining property and casualty insurance targets with scale in the US, it's also reluctant to enter into a pricey bidding war with Chubb because of a lack of synergies between the two, the sources said. Deliberations are at an early stage and Allianz could likely decide against pursuing a deal, which would be transformational for the German financial giant that has mostly stayed away from mega transactions, the people said. In spite of its dominance in Europe, Allianz has a relatively small footprint compared with Chubb or other peers in the world's largest economy. A deal between Chubb and Hartford could further marginalise the German insurer in the US, which like other insurance companies, are battling low interest rates, slowing growth and Covid-rel...