Deals
Allianz Expands in U.K. Insurance With $1 Billion of Deals
- German insurer to buy unit of Legal & General for $305 million
- Company also buys out remaining 51% in LV General Insurance
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Allianz SE agreed to buy two insurance businesses in the U.K. in deals valued at a combined $1 billion, transforming the firm into the second-biggest general insurer in the country.