Double swoop sees Allianz become UK’s second biggest insurer

Allianz has made two acquisitions as it increases its presence in the UK market. The first sees it buy Legal & General’s general insurance business for £242m, whilst the second will see Allianz buy out the remaining 51% stake in LV General Insurance Group from Liverpool Victoria Friendly Society for £578m. The two deals mean Allianz is now the second biggest general insurer in the UK.

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