Allianz completes acquisition of two UK insurers

Germany-based insurer Allianz SE has completed its acquisition of U.K.-based Liverpool Victoria General Insurance Group Ltd. and the general insurance unit of U.K.-based financial services company Legal and General Group PLC, Morning Star reports citing Alliance News. Allianz plans to merge the two businesses, which have combined gross written premiums of more than £4 billion ($5.3 billion). 

Read more.