Announced
Completed
Financials
Tags
Acquisition
United Kingdom
life insurance
home insurance
car insurance
Full Line Insurance
Private
Single Bidder
Majority
Friendly
Completed
Synopsis
Allianz Holdings has completed the planned acquisition of the remaining 51% of the LV General Insurance Group, an insurance provider from Liverpool Victoria Friendly Society for $717m. “This is an exciting day for LV GIG and we’re very happy to now be part of Allianz and have our colleagues from L&G GI also join us. For the last few years, we’ve worked incredibly hard to make LV= the brand it is today and, although we’ve achieved an incredible amount, I believe that with the backing of Allianz and L&G GI being part of our business, the best is truly yet to come. I’m excited to see what the future brings,” Steve Treloar, LV GIG CEO.
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