LV is reported to be in talks with German giant Allianz to buy part of its business as the UK insurer seeks to increase its capital . LV has signalled it is looking at ways to increase its capital after a government change to the way life insurance payouts are handled 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 LV 's general insurance operations at £ 1bn .
LV is reported to be in talks with German giant Allianz to sell part of its business as the UK 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 LV's general insurance operations at £1bn.