Lloyds is arranging a series of acquisitions at its insurance arm , Scottish Widows , just as the Government nears the sale of its majority stake . The expansion of Scottish Widows is part of a three-year strategy outlined last year by Antonio Horta-Osorio, Lloyds' chief executive. Reports suggest that the bank held a whole parade of smaller banks as it plans to launch a series of purchases for the provider ; it is said to be targeting corporate finance and bulk annuities acquisitions . A spokesman for Lloyds said " we are looking at how we continue to focus on growing our insurance business where we believe we have competitive advantage through our sector expertise and experience " .
Lloyds is arranging a series of acquisitions at its insurance arm , Scottish Widows , just as the Government nears the sale of its majority stake . Reports suggest that the bank held a whole parade of smaller banks as it plans to launch a series of purchases for the provider ; it is said to be targeting corporate finance and bulk annuities acquisitions . A spokesman for Lloyds said " we are looking at how we continue to focus on growing our insurance business where we believe we have competitive advantage through our sector expertise and experience " .