Allianz Group and LV= have launched a strategic partnership in the UK, creating a general insurance business with over 6 million customers and gross premiums written in excess of £1.7 billion.
LV= said the deal would strengthen its capital position, leaving the insurer "well placed to continue to expand [the] Life and Pensions business and pursue new digital opportunities." The transaction also strengthens Allianz's position in the commercial market where it has over £1 billion in annual income. LV= will receive £500 million from Allianz in exchange for a 49% stake in LV='s General Insurance businesses. The new, long-term joint venture will acquire Allianz's personal home...
Unum has published its third annual claims statement with information on every new group income protection (GIP) claim it paid in the last year.
'Vary in effectiveness'
Cura Financial Services are going to be hosting a live broadcast discussing how advisers can benefit from quirky marketing.
Advisers urged to start planning