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HHG terminates discussions with Resolution Life

Hugh Osmond’s Life Company Investor Group has upped its offer for HHG’s Life Service business in return for HHG cutting off negotiations with Resolution Life.
LCIG has increased its bid for the four closed life books within HHG from 1.025bn to 1.07bn. If HHG breaks the exclusivity agreement it will have to pay LCIG 45m compensation- the same amount as the increase in its offer.
Resolution says it is considering its options.

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