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LV= postpones 2020 AGM

LV= postpones 2020 AGM | Insurance Business UK

LV= postpones 2020 AGM

Protection, savings, and retirement provider LV= has postponed its 2020 annual general meeting.

The Bournemouth-based mutual, which usually holds its AGM in summer, stated on LinkedIn: “The safety of our members and employees remains our top priority, so we’ve postponed this year’s AGM.

“We’ll schedule an AGM when it is the right time for everyone. Once we have done so we’ll, of course, be in contact with our members with all the relevant information.”

LV=, which had sold its general insurance business to Allianz UK, enjoyed £15 million in pre-tax profit from its continuing operations in 2019.

Read more: RSA, Ageas, Aegon announce AGM changes

Meanwhile British insurance giant Aviva announced that its May 26 AGM in London will be held as scheduled but with a different format.

“We recognise that the current government guidance prohibits all non-essential travel and the gathering of more than two people from different households,” noted Aviva on its website.

“We fully support the Stay at Home Measures, and therefore shareholders must not attend the AGM in person this year if restrictions on public gatherings remain in force. The AGM will focus on the formal business of the meeting only.”

Aviva shareholders will be able to exercise their votes by submitting their proxy either by post or electronically.