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Allianz to consolidate its presence in the UK

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Magazine Issue: 
The impossible transfer of risks [3]
Magazine date: 
May 2019

AllianzAllianz is consolidating its position in the United Kingdom by acquiring the insurance activities of Liverpool Victoria (LV) and Legal & General. The total lack of visibility on the outcome of the Brexit [4] does not seem to discourage Allianz.

The sum disbursed for these two acquisitions amounts to a total of 820 million pounds (1.035 billion USD).

These transactions will allow the British subsidiary of the German group, Allianz UK, to rank second in the United Kingdom with a market share of 9% in premiums and a portfolio of 12 million customers.

Fri, 07/06/2019 - 10:11

Source URL: https://www.atlas-mag.net/en/article/allianz-to-consolidate-its-presence-in-the-uk

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[4] https://www.atlas-mag.net/en/article/main-european-reconfigurations-related-to-brexit