Two Royals end insurance merger talks

ROYAL Liver, the Liverpool-based insurer, has decided to go it alone, ending talks with the UK's largest mutual life and pensions company, Royal London.

A merger would have been the largest tie-up in the mutual life and pensions sector since Royal London's £1.1bn 2001 purchase of Scottish Life.

The two had announced at the end of April they were in discussions to examine a possible deal. Those talks centred on considering the potential benefits of a tie-up and the probable structure of an enlarged organisation.

Royal London said: "After careful thought and thorough consideration, the board of Royal Liver has concluded that, although the proposal from Royal London had considerable merits for members, they felt that those interests will be better served by an independent strategy."

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Two Royals end insurance merger talks
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