Apollo-Backed Athora Eyes Germany Exit After Struggling to Grow

A European insurer backed by Apollo Global Management Inc. is considering selling its German unit after struggling to win sizable business in the market, according to people familiar with the matter.

The insurer, Athora Holding Ltd., is exploring options for the German division, including a potential sale, the people said, asking not to be identified as the information is private. The process is at an early stage and Athora might still opt to keep the business, the people added.

Representatives for Athora and Apollo declined to comment.

Bermuda-based Athora, which is run by former Prudential Plc Chief Executive Officer ...