Allianz and LV deal approved

Jon Dye and Steve Treloar

Allianz’s takeover of LV’s general insurance business received regulatory approval at the end of last year.

In an announcement on 29 December the insurers confirmed that the £500m initial deal for 49% of LV’s GI offering had proceeded.

The takeover was first revealed in August. It is structured with Allianz paying £213m in a second transaction in 2019 for a further 20.9% stake.

At that point the German insurer will hold 69.9% of the business. The overall effect values LV’s GI business at £1

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: