The head of Allianz's U.K. business, Jon Dye, declined to say on a call with journalists on Friday how much money the company expects to save by combining L&G's general insurance division with its soon-to-be wholly owned LV division. (Credit: josefkubes/Shutterstock)
(Bloomberg) — Allianz SE agreed to buy two insurance businesses in the United Kingdom in deals valued at a combined $1 billion, transforming the firm into the second-biggest general insurer in the country.
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