LV declines to comment on Royal London merger talks

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LV has declined to comment on market speculation that it was recently in discussion with Royal London about a possible merger. Sky News reported that talks between the two insurers took place recently but broke down amid disagreement over the structure of the deal. A source confirmed to Insurance Age that LV and Royal London had held discussions in the past but added that at the moment LV does not have an appetite for a deal. Insurance Age further understand that LV is not seeking merger part