Deals
Insurer LV= Said to Draw Bidders Including Phoenix, Cinven
- Royal London among suitors for UK pension, life insurance firm
- Liverpool Victoria could be valued at up to 1 billion pounds
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U.K. insurer Liverpool Victoria has attracted interest from rivals including Phoenix Group Holdings and private equity firm Cinven Ltd., according to people familiar with the matter.
Fellow mutual insurer Royal London, Utmost Life and Pensions and European Insurance Consolidation Group are also among potential suitors, the people said, asking not to be identified as discussions aren’t public. LV= is working with financial services specialist Fenchurch Advisory to explore options including a full or partial sale, they said.