The transactions, which are expected to be completed by end of 2019, will:
- Position Allianz as the *number 2 general insurer in the UK with a 2018 combined gross written premium income of 4,029 million pounds 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.