Allianz to buy 49% of LV GI for £500m
Allianz will buy 49% of LV’s general insurance business as part of a long-term partnership which will see the creation of the UK's third largest personal lines insurer.
The transaction, valued at £500m, comes as part of a long-term joint venture in which LV will acquire Allianz’s personal home and motor insurer’s renewal rights, with AIlianz obtaining LV GI’s
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