Highway purchase
LV= is set to complete the £150m purchase, subject to terms, of Highway Insurance. The insurer will ...
LV= is set to complete the £150m purchase, subject to terms, of Highway Insurance. The insurer will be able to grow its broker arm, ABC, through Highway's relationships with over 1,000 intermediaries. The move could be good timing for Highway's shareholders as the firm reported a dip in first-half profits to £1.4m from £11.8m this time last year. John O'Roarke, managing director at LV='s general insurance division, said that the deal showed it was committed to the broker channel for the long term.
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