Allianz seals two deals to become UK's second largest general insurer

German firm pays more than £800m for parts of Legal & General and LV= businesses

Allianz is to become the second biggest general insurer in Britain after taking over the general insurance businesses of Legal & General and LV= in transactions worth more than £800m.

The deals will give the combined business 12 million general insurance customers in the UK, with a market share of 9% and putting Allianz behind only Aviva in size.

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from Mergers and acquisitions | The Guardian http://bit.ly/2WlHQit