Blog: Allianz and LV deal further proof that SME commercial is a tough nut to crack
Jonathan Swift looks back at the past decade and concludes the Allianz /LV deal is the latest evidence that the dominant incumbents have a iron-like grip on the UK SME market.
The recent deal between Allianz and LV appears to be further proof that the SME commercial market – whilst highly attractive - is as difficult as ever to get serious traction in unless you are one of the established players.
Roll back to 2006 when the former Churchill and NIG management team including the likes of John O’Roarke and Phil Bunker set out their plans for a new multi-channel general insurance business that would eventually find a home at LV [or Liverpool Victoria as it was then
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