Disgraced former LV boss Mark Hartigan handed a £532k golden goodbye
Ex-army colonel Mark Hartigan (pictured) quit in September after his plan to sell the mutual insurer to private equity was blocked by members.
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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.
LV's 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.