Allianz strikes £820m LV= and L&G general insurance deals to become second biggest in UK

31-05-2019

Allianz strikes £820m LV= and L&G general insurance deals to become second biggest in UK

iStock/ Lukassek

Allianz is acquiring the remaining 51 percent of Liverpool Victoria Friendly Society's (LV='s) general insurance business that it does not already own, for up to £578 million, and taking full owndership of Legal & General Insurance for £242 million, to become the second largest general insurer in the UK.


Allianz, General insurance, UK, Acquisition, Liverpool Victoria Friendly Society, LV=, Legal & General, Expansion, M&A

Intelligent Insurer