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Niran Peiris, Allianz SE

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Niran Peiris, Allianz SE

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    Allianz strengthens its presence in the UK

    1. Allianz UK to acquire 100 percent of Legal & General Insurance Limited, the general insurance business of Legal & General Group Plc for £242 million. The transaction is subject to regulatory approvals. 2. Allianz UK to buy out the remaining 51 percent stake in LV General Insurance Group (LV GIG) for up to £578 million from Liverpool Victoria Friendly Society (LVFS).