"Business as usual" for Allianz, LV and L&G following deals
Allianz UK CEO Jon Dye says there are no redundancy plans following the insurer's purchase of L&G GI, with the process of moving business from L&G into LV expected to take around two years.
Allianz UK chief executive officer Jon Dye has stated it is “business as usual” following the insurer’s purchase of L&G’s general insurance division for £242m.
The provider is set to integrate L&G GI into LV. At the end of May, Allianz also announced that it will buy the remaining 30.1% stake in LV GI for £365m by the end of the year.
Dye pledged that brokers will continue to be the biggest distribution channel for Allianz, LV and L&G once the transactions have completed.
“Brokers are as
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