Insurer Royal London reportedly hopes to join up with rival bidder Bain Capital and sell off parts of 178-year-old firm
Fresh concerns have been raised over the future of mutual insurance firm LV= after it emerged that bidders could break it up after a takeover.
The 178-year-old firm, originally known as Liverpool Victoria, is being sold to US private equity firm Bain Capital for £530m, in a controversial deal that would end its member-owned status if its members back the takeover in a December vote.
