Page 2 - David Hynam News Today

Ex-army colonel Mark Hartigan (pictured) quit in September after his plan to sell the mutual insurer to private equity was blocked by members.

Mutual life insurer LV= has admitted it is “not immune” to economic challenges after revealing profits from it savings and retirement division halved over 2022 and it sunk deeper into a loss.

LVs group trading profit generated by its savings and retirement new business operations slipped to zero, compared to a new business trading profit of £12million in 2021.

Mark Hartigan’s exit followed anger over attempt to arrange insurer’s sale to US private equity firm Bain Capital

Ex-army colonel Mark Hartigan (pictured) quit in September after his plan to sell the mutual insurer to private equity was blocked by members.

Barry ODwyers comments follow the collapse of tie-up discussions in February last year. LV has since appointed a new boss.

Good morning and welcome to your Morning Briefing for Thursday 2 March, 2023. To get this in your inbox every morning click here. AI is coming When someone says AI, my mind is immediately filled with scenes from dystopian films set in the future. The themes are largely the same: AI has become more intelligent than

Hynam is promising to lead the 180-year-old mutual into a new era - as well he might, considering the shambles he inherited.

Hynam is promising to lead the 180-year-old mutual into a new era - as well he might, considering the shambles he inherited.

Among UK companies with reports and updates are Tata Steel, James Cropper, Science Group, TP Group and MetalNRG.