The transactions, which are expected to be completed by end of 2019, will:
Position Allianz as the number 2 general insurer1 in the UK with a 2018 combined gross written premium income of £4,029 million and a market share of 9 percent.
Establish Allianz as a top 4 insurer in the UK personal home segment.
Mean 12 million general insurance customers are now part of Allianz in the UK.
“With these two transactions, we are pleased to demonstrate our further commitment to the UK market. I look forward to our business continuing to build on a strong reputation for technical excellence and customer centricity,” said Niran Peiris, Member of the Board of Management of Allianz SE, responsible for Global Insurance Lines & Anglo Markets, Reinsurance, Middle East, Africa.