Pearl Assurance has moved to counter the
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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