Insurers LV= has revealed it is to undertake a strategic review of its ongoing operations amid growing media reports that it is seeking to sell its remaining insurance and pensions business.
Having sold its general insurance operations to Allianz last year speculation was rife last week that the firm had engaged advisors to seek the sale of its remain life and pensions operations.
The firm had remained silent in the issue until this morning when it released a short statement.
LV= revealed it was considering a number of options, some of which “may involve a transaction with a third party”.
Media reports has said that whilst it was understood advisers have been engaged any sale was not certain and that the company’s board may decide to retain its independence.