“Business as usual” for brokers amid LV and Allianz redundancy risk
400 people could be laid off at both insurers following the “game-changing” transfer of personal lines to LV and commercial lines to Allianz.
LV and Allianz have insisted that it is business as usual following LVs commercial business being transferred to Allianz and Allianz’s personal lines offering going to LV.
The changes also see 400 staff across both insurers at risk of redundancy.
Simon McGinn, general manager at Allianz, stated: “A large number of brokers will already have been contacted by Mike’s [Mike Crane – LVs director of broker] and my respective teams talking to them about plans. It is business as usual.
“We’ve been
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