Image:
LV= senior independent director David Barral
LV= has set out a statement to explain why it chose to sell to private equity firm Bain Capital and selected its bid among 11 others last December.
After the mutual sold its general insurance business in 2017 and 2019, which it deemed necessary to bolster its "weak capital position", LV= confirmed its demutualisation and that it agreed to sell...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
