Brokers to benefit from L&G deal, says Allianz's Dye

Steve Treloar Jon Dye

Allianz UK chief executive Jon Dye has stated that brokers will benefit from the insurer’s deal to buy the general insurance business of Legal & General for £242m and its purchase of the remaining stake of LV.

He described that combining the L&G GI business with the LV GI portfolio is a “good move” which will build a stronger unit.

In a call with journalists on 31 May, Dye said: “If you look across the three businesses, brokers will still be the biggest distribution channel. That demonstrates

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