Direct Line planning £400m offer for L&G's GI business - report

Money

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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