Financial Services > Life lnsurance > Life Insurance News

Lloyds may sell life insurance assets

Thu, 19 Feb 2009

According to life insurance news today, financial services giant Lloyds may be looking to sell their life insurance business .

The company, which has faced a downturn after taking over HBOS, has suffered significant losses due to the economic crisis. However, the life insurance arm and assets remain in healthy shape and could yield a good return for Lloyds if a suitable buyer can be found.

Lloyds will look to sell some segments of the group, which currently sell life insurance policies through independent financial advisers . Lloyds are also looking to integrate the life insurance sector of the former HBOS.

Lloyds are understood to be avoiding the need to raise capital.
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