L&G pegs sale of loss making GI business to Allianz at £255m
Legal & General has booked an estimated consideration of £255m for the sale of its general insurance business to Allianz as the division reported an operating loss of £35m for 2019.
According to L&G, the losses were due to higher claims inflation.
L&G did not provide a breakdown for the discontinued sector. In 2018 it had £410m of gross written premiums the majority coming from
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