Royal Liver backs takeover by Royal London: source
LONDON (Reuters) - Customers of British mutually-owned insurer Royal Liver have voted in favor of merging with bigger rival Royal London, a source familiar with the matter said.
The tie-up, which still requires regulatory approval, would create an enlarged customer-owned life insurer with about 45 billion pounds ($71.72 billion) in assets under management.
Royal Liver members backed the proposed merger at the society's annual general meeting earlier on Thursday, the source said.
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