Zurich - Swiss Life has confirmed Friday that it is in talks with German insurer Talanx about its stake in MLP, a pension specialist.

The Swiss company, the largest insurer in the Alpine nation, owns about a quarter of MLP. According to reports, Swiss Life wants to reduce its stake in MLP.

"Swiss Life confirms that it is also holding talks with the Talanx Group in this regard. Discussions are still at a preliminary stage with no decisions taken," the company said in a statement posted on its Website.

Talanx is the third largest insurer in Germany. (dpa)