Allianz to move commercial business from LV in Q3
Insurer reports improved profit for first quarter 2018.
Allianz will start absorbing LV’s commercial business at the end of the third quarter the insurer has confirmed.
The takeover of LV’s general insurance business received regulatory approval at the end of last year.
The process for switching personal lines business in the opposite direction has already begun.
The first tranche via Acturis for car, home and van started on 1 May for quotes and 1 June for inceptions.
Bulk
Allianz UK CEO Jon Dye commented that the “bulk” of open market business
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