Allianz to buy remaining stake of LVGI for £365m

buysell buttons

The insurer will fully own the LVGI business and has spent approximately £1.08bn on it since 2017.

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

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 info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Meet the MGA: Ventis

With a ‘breath of fresh air’ Latin-inspired name, CEO Gareth Roberts, pictured second right, explains why Ventis’ USPs of rapid service and sector expertise are helping it gain traction in the real estate market.

Interview: Henry Topham, Allianz

As Allianz rebrands its digital motor insurance product Flow, Insurance Age caught up with managing director of UK retail Henry Topham to hear about his route into insurance and what benefits brokers get from the provider’s omni-channel approach.

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: