Articles - Scottish Widows on the market again?


 The London Evening Standard has reported that Edmund Truell, founder of private equity company Duke Street, has made a multi-billion bid for Lloyds Bank-owned Scottish Widows. He is bringing a new bid vehicle, Tungsten, to the stock market and could also be interested in Direct Line, according to the Financial Times.
 The sale of Scottish Widows was ruled out last year in a strategic review by Lloyds chief executive Antonio Horta-Osorio but Lloyd's has received a number of other approaches recently.

 Insurance Newslink comments: the sale of Scottish Widows has been on and off for a number of years. Regulatory issues such as the introduction of the Retail Distribution Review(RDR) in the UK and Solvency II at the European level will no doubt be a consideration for both the buyer and seller.

Back to Index


Similar News to this Story

Stewardship reporting under the new LGPS regime
"If the pool is a Stewardship Code signatory, do funds still need to report?" The recent pooling reforms change how investment strategy is implemented
Redefining Health Insurance by innovation and analytics
From ageing populations and rising chronic disease to the growth of personalised digital health solutions, Jessica Plewes and Lisa Balboa explore how
October 2026 Edition of the Actuarial Post Magazine
Our cover story is from Emmanuèle Lutfalla and Louis Fer from Signature on why AI losses have no natural insurer. We also have Rolf Hamm from WTW on t

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.