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Old Mutual set for off-shore merger

Old Mutual is reviewing its Isle of Man offshore business which could lead to its sale or merger into one of its other off-shore arms.


The company is reviewing the structure of its off-shore companies following the closure of the Isle of Man life subsidiary to new business in September 1998.


Old Mutual is also reviewing its £1bn UK life business which became a closed book in October last year. The arm is tipped to be sold-off this year.

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