Quilter said to consider sale of closed-book UK life insurance portfolio
Wealth manager Quilter is said to be considering a sale of its closed-book UK life insurance portfolio.
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According to Bloomberg, Swiss Re's UK unit Reassure Group and Phoenix Group Holdings are among those considering bids. It was understood that the assets could fetch about $500m.
People familiar with the matter told Bloomberg that no final decisions have been made and there's no certainty that the deliberations will lead to a sale.
At 1020 BST, the shares were up 0.8% at 138.92p.