Allianz to buy remaining stake of LVGI for £365m

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Allianz has agreed to buy the rest of the Liverpool Victoria General Insurance (LVGI) business (30.1%) for £365m.

According to Allianz, the agreement will:

position Allianz as the number two general insurer in the UK with a 2018 combined gross written premium income of £4,029m and a market share of nine percent; establish Allianz as a top four insurer in the UK personal home segment; and mean 12m general insurance customers are now part of Allianz in the UK.

The sale marks LV’s withdrawal

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