Health insurer buyout

Nationwide Building Society and Legal & General have agreed to a joint distribution agreement for the supply of life and protection insurance products.

Legal & General has agreed to buy insurer Nationwide Life and integrate it into Legal and General.

Nationwide will sell Legal & General products via the building society's 2000 strong team of advisers and consultants.

The sale is conditional on the consent of regulator the Financial Services Authority to the change of control of the companies and other customary conditions. It is expected to complete in the Summer of 2007, when the distribution arrangements are expected to be launched.

Nationwide Life policies include decreasing and level term life assurance and critical illness cover.


Comment on this page »


Latest news

Chelsea and Westminster named the best place to work in the NHS for 2015

Nuffield Health opens doors of new Cambridge Hospital

Nuffield Health plans to open state-of-the-art diagnostic suite

Health insurer buyout
Connect with us on:

This site compiles with the HONcode standard for trustworthy health information