Allianz UK “well equipped” to manage Covid-19 challenges
The provider published a Q1 trading update, the first to incorporate Allianz, LV and Legal & General, as it says it has made 200-plus Covid-19 claims pay outs.
Allianz UK reported a GWP of £1.02bn for the first quarter of 2020 a jump from £494m in the same period last year.
The changes account for the incorporation of LV and Legal and General (see box).
Jon Dye, CEO, Allianz Holdings, commented: “This is the first quarterly update of the enlarged Allianz Holdings Group, incorporating Allianz Insurance, LV General Insurance and the general insurance business acquired from Legal & General.”
Dye also referenced how Covid-19 has affected the business.
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