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Life insurer LV= confirms sale talks

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16/06/2020
LV= has confirmed it is exploring options for the business, which could include the sale of its remaining life insurance and pensions operations.

Following the sale of its general insurance arm to Allianz last year, LV= (Liverpool Victoria Financial Services Limited), confirms it is exploring options for the remaining parts of the businesses.

A statement read: “LV=’s board is fully committed to maximising long-term value for its members and is therefore assessing a wide range of strategic options following the disposal of the general insurance business to ensure that the remaining business continues to be operated in the best interests of all its members. Some, but not all of these options may involve a transaction with a third party.

“No conclusions have yet been reached as to the most appropriate option to pursue and there can be no certainty that this review will result in any transaction being agreed or with whom.”

LV= added that a further announcement will be made “if and when appropriate”.

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