LV confirms expressions of interest for Hero business
LV has confirmed that it has been approached by investors interested in acquiring Hero, the direct insurance and ecommerce subsidiary of Highway Insurance as exclusively reported by Insurance Age . LV completed the acquisition of Highway in October 2008.
LV confirmed today that it would be evaluating these expressions of interest, as well as other options for the future of the business, over the coming weeks. However the company stressed that a sale was not the only prospect and that other options remain, including retaining the Hero business in its current form.
John O'Roarke, managing director of LV General Insurance, said: "Our acquisition of Highway was always based on taking over the business as a whole. However, we have a responsibility to
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