Suffolk Life has appointed Fenchurch Advisory Partners to advise on options for the future strategy of the business following a number of expressions of interest.
Fenchurch will look at the offers from third parties in acquiring Suffolk Life through a structured process.
It will also consider the prospects for the continued growth of the business under its existing ownership structure.
Suffolk Life chief executive Henry Catchpole says: “Suffolk Life is performing extremely well and we are confident of growing the business strongly under our current ownership structure. Nevertheless, given the interest from strategic partners who can help us accelerate our growth, the Board felt it right to explore options which could enhance the interests of clients, employees and shareholders.”
The company says there is no certainty that this strategic review will result in a transaction or an offer being made for Suffolk Life.