Direct Line planning £400m offer for L&G's GI business - report
News of a potential sale was first revealed earlier this month.
Direct Line Group is forming a £400m bid for the general insurance (GI) arm of Legal & General, according to Sky News.
A spokesperson for Direct Line told Insurance Age that the company cannot comment on market speculation.
Similarly, a spokesperson for L&G said the insurer would not be commenting on the report.
The media organisation revealed earlier this month that L&G had appointed Fenchurch Advisory Partners to explore the sale of its general insurance operations.
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