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...

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