Allianz in talks with Legal & General over acquisition


Allianz are in advanced talks with Legal & General’s home insurance business, in a deal thought to be worth over £300m.

Last year L&G put their unit up for sale, and according to Sky News the German insurance giant Allianz is now in exclusive talks to acquire the firm. A transaction thought to be imminent.

Allianz will have a larger presence on the UK’s insurance market if they deal goes through.