LV= returns to profit after restructure

 

LV= has moved from a £90m pre-tax loss from continuing operations in 2018 to a profit of £15m last year following a major restructure and cost-cutting.

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LV= nets £1bn from final sale of GI business

Financial mutual LV= has sold the remaining 51% it held in its general insurance business to Allianz Group, it announced today.

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LV= hires senior Zurich executive as interim CEO

Financial mutual LV= has recruited Mark Hartigan from Zurich to be its interim chief executive with effect from 1 January on an initial 12 month contract, subject to regulatory approval.

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