AC set to double agency base
Following divestment of its life arm, Allianz Cornhill is set to invest the funds into its general i...
Following divestment of its life arm, Allianz Cornhill is set to invest the funds into its general insurance operation - potentially doubling its small broker agency base. The insurer agreed to sell its life operations to Britannic Group for an estimated cash consideration of £110m.
Professional Broking understands that AC's accelerated growth plans may involve the insurer picking up some ex-Norwich Union brokers as it continues to rationalise its broker base.
Concerning the profile of brokers
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