Brokers to benefit from L&G deal, says Allianz's Dye
The UK CEO says brokers will remain Allianz's biggest distribution channel after the deal has been completed, as it also buys the remaining stake of LV with the intention of combining the two entities.
Allianz UK chief executive Jon Dye has stated that brokers will benefit from the insurer’s deal to buy the general insurance business of Legal & General for £242m and its purchase of the remaining stake of LV.
He described that combining the L&G GI business with the LV GI portfolio is a “good move” which will build a stronger unit.
In a call with journalists on 31 May, Dye said: “If you look across the three businesses, brokers will still be the biggest distribution channel. That demonstrates
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