Brokers cautiously optimistic about Allianz's L&G GI buy


Brokers have largely welcomed the news that Allianz UK is buying Legal & General’s (L&G) general insurance division.

It was announced last week that Allianz had bought L&G GI for £242m, after L&G had put the business up for sale with a £300m price tag last December. Prior to the deal, Allianz had been believed to be a frontrunner in the race to buy the business.

In addition, Allianz also bought the remaining stake of LV for £365m.

Brokers were not surprised by the transaction, with managing

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: