Allianz completed the acquisition of the remaining 51% stake in LV GIG from LVFS.

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.