Mike Crane becomes L&G GI CEO as Allianz completes LV and L&G deals
Provider says the purchases of LV and L&G's GI businesses will see Allianz become the second largest general insurer in the UK.
Allianz Holdings has completed its deals to buy the remaining 51% of LV General Insurance Group and 100% of the general insurance division of Legal & General (L&G).
As a result, Mike Crane, current managing director of LV GIG Broker, has been appointed as chief executive officer of L&G GI.
He will continue to report into LV CEO Steve Treloar and sit on the LV GIG executive committee as both CEO of L&G GI and MD of LV GIG Broker.
Meanwhile, Treloar will become a member of the Allianz Holdings
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