Pearl Assurance has moved to counter the £8.6bn merger between insurers Friends Provident and Resolution.
Pearl's influence comes from its 11% stake in Resolution, which it wielded to demand a meeting with Clive Cowdery, Resolution’s chairman.
The insurer intends to grill Cowdery on the merger and explore alternative opportunities, The Times reported.
There is also speculation that the life fund group, which is fronted by Hugh Osmond may be considering a merger of its own with Resolution.
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