LV swoops for Swiss Re arm
LV has today announced that it has entered into an option agreement to acquire the new business operations of Tomorrow - formerly known as GE Life - from Swiss Re. The option becomes exercisable in late December 2007, subject to regulatory approval.
LV has also entered into a distribution agreement under which Tomorrow’s range of specialist enhanced annuities, equity release lifetime mortgages, and pension products including SIPPs, will be
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