Former LV boss Mark Hartigan is up to his old tricks as he uses scare tactics to sell latest tech firm thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.
The European insurer, which has nearly 3m customers and was valued at $4.5bn (£3.6bn) less than two years ago, has told shareholders its holding company faces being insolvent by the summer, Sky News learns.
The insurer reported a pre-tax profit of £107m for 2023 - after a loss of £145m in 2022 - while also returning more than £30m to members of the mutual.