LV= and Royal London confirm takeover talks

Written by Adam Cadle

07/02/2022

LV= has had “initial, exploratory discussions” with Royal London on a possible deal between the two firms.

The talks, confirmed today by both insurers, suggest “no certainty” of a deal yet, and a further announcement is yet to be made.

"We share a common interest with Royal London in a healthy and vibrant mutual sector so that we can both compete fairly with shareholder-owned firms,” Seamus Creedon, LV’s incoming interim chairman, said.

“We have had, and continue to have, discussions with Royal London about if and how we can cooperate to the benefit of both sets of members and the mutual sector.

“In the meantime, we will continue to strengthen our independent business for the benefit of our existing and future policyholders."

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