Up to 400 redundancies from LV/Allianz deal
260 people in the LV commercial broker and claims division are at risk alongside 140 people from Allianz’s UK personal lines business.
As many as 400 people will lose their jobs following last year’s deal which saw Allianz take over 49% of LV’s general insurance business the two insurers have confirmed.
According to a joint statement, 260 people at LV who work in the commercial broker and commercial claims areas are at risk.
Within Allianz 140 people working on or supporting personal motor and home business could also be made redundant.
The Allianz cuts are primarily based at the insurer’s Guildford and Bristol offices and
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