Insurance Post

Lloyds seeks GI partner to focus on banking

lloyds tsb

Lloyds Banking Group is expected to seek a joint venture partner for its general insurance business amid strong speculation that it is gearing up to dispose of its Edinburgh-based life and pensions business Scottish Widows.

RSA and Aviva have emerged as the most likely insurer partners for the group, which is understood to insure one in five of the UK's households through Halifax and other operations, and earned £1.26bn

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