LV= completes GI sale and appoints new chief exec

LV= has completed the planned sale of its remaining 51% stake of its general insurance business (LV= GI) to Allianz Group. Total consideration received by LV= for 100% of LV=GI is up to £1.078bn. This follows the announcement of the transaction by LV= on 31 May 2019. Newly appointed chief executive Mark Hartigan, who is on an initial 12 month contract, was part of the senior leadership team at Zurich Insurance Group between 2009 and 2019. He held a variety of roles and was most recently head of operations for Zurich EMEA. Before life at Zurich he was deputy chief executive officer ...