UPDATE 1-Allianz, Standard Chartered form bancassurance pact in Asia

FRANKFURT, Jan 19 German insurer Allianz and Standard Chartered Bank on Thursday announced a 15-year agreement to distribute Allianz’s general insurance products in Hong Kong, Singapore, Malaysia, Indonesia and China. The deal to distribute travel, personal accident, fire and motor insurance products to Standard Chartered’s retail banking clients will start in 2017, the companies said in a joint statement.