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

The growing risk of wildfires in the UK
As the UK goes through a cycle of heatwaves that are expected to become the ‘norm’ in the not too distant future , wildfires, often thought of as a pr
How to save on risk lines using analytics
Shield your organization both from unnecessary costs and insurance shortfalls. Risk analytics can help you drive optimized risk retention, insurance l
The continued outlook for the bulk purchase annuity market
The bulk purchase annuity (BPA) market has demonstrated remarkable resilience despite shifting economic conditions. Demand remains strong, but the con

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.