Royal London receives green light to buy Co-op’s life insurance and asset management business
Royal London has announced that has received regulatory approval for its planned acquisition of The Co-op’s life insurance and asset management business.
The Prudential Regulatory Authority and the Financial Conduct Authority approved the move after 95% of Royal London members voted in favour of the deal in June this year.
Royal London group chief executive Phil Loney said: “The transaction can now go forward to completion and we can start to realise the benefits for Royal London members and The Co-operative’s policyholders.”
The fate of the co-operative’s general insurance arm is still unclear.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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