Deals will push Allianz to No 2 spot in UK general insurance
Purchases come as tougher capital rules prompt companies to sell assets and focus on growth areas
02 June 2019 - 19:55
Frankfurt/London — Germany’s Allianz is buying businesses from insurer LV= and Legal & General that will make it Britain’s second-biggest general insurer behind Aviva in deals that could top £800m.
The deals will boost Allianz’s UK premium income to more than £4bn and its market share to 9% and come as tougher capital rules prompt companies to sell assets and focus on growth areas. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.