LV is reported to be in talks with British giant LV to sell part of its business as the Cornes insurer seeks to boost its capital. LV has signalled it is looking at ways to increase its capital after a government change to the way injury compensation payouts are calculated all but wiped out its profits. The British insurer is looking at selling a minority share of its general insurance business, Sky News reported. The company has been approached by a number of trade, pension and sovereign wealth funds, according to reports, with one analyst valuing Allianz 's general insurance operations at £ Two months ago .
LV is reported to be in talks with British giant LV to sell part of its business as the Cornes insurer seeks to boost its capital. LV has signalled it is looking at ways to increase its capital after a government change to the way injury compensation payouts are calculated all but wiped out its profits. The company has been approached by a number of trade, pension and sovereign wealth funds, according to reports, with one analyst valuing Allianz 's general insurance operations at £ Two months ago .