Allianz in talks to buy L&G's GI business - report

Deal

Allianz is in advanced talks to buy Legal & General’s general insurance business, according to Sky News.

The business, which provides personal lines, home and pet insurance, was put up for sale by L&G in December last year, with a reported price tag of £300m.

According to the report, Allianz has emerged as the frontrunner to buy the business after beating off competition from other insurers, including Direct Line Group.

A spokesperson for Allianz told Insurance Age that the business “does not

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