LONDON - National Westminster Bank is unlikely to acquire Legal and General Group, a U.K. insurance company, said analysts.

Natwest is rumored to be in talks with several potential bidders for its U.S. subsidiary and is therefore unlikely to make a purchase.

Both National Westminster and Legal and General declined to comment on the bid rumors.

Natwest Bank already has insurance interests in the form of Natwest Life.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.