Allianz in negotiations to acquire L&G's general insurance business

Pedro Gonçalves
clock • 1 min read

German insurer Allianz is in "advanced talks" to buy UK life and general insurance provider Legal & General's (L&G's) home insurance business in a deal likely to be valued at between £250m and £350m. The deal, which is part of German insurer's plan to further bolster its footprint in the UK market, is expected to be announced in the coming weeks. L&Gs general insurance unit, which offers home, travel and pet insurance to consumers, was separated from the company in 2018 and subsequently put up for sale. The business is worth £240m ($313m), Financial Times reported quoting an analys...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?