UK-domiciled Legal & General Group has agreed to sell its general insurance business to Allianz’s UK subsidiary for $305m (£242m). The companies made the announcement on 31 May. Legal & General has said it will use the funds to reinvest in its core businesses. The deal is expected to be completed in H2 2019.
UK-domiciled Legal & General Group has agreed to sell its general insurance business to Allianz’s UK subsidiary for £242m ($305m). The companies made the announcement on 31 May. Legal & General has said it will use the funds to reinvest in its core businesses. The deal is expected to be completed in H2 2019.