Pearl opposes Friends Resolution merger
Pearl Assurance has moved to counter the £8.6bn merger between insurers Friends Provident and Resolution.
Pearl Assurance has moved to counter the £8.6bn merger between insurers Friends Provident and Resolution.
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.
Further reading:
Smart departs again in Friends merger
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View articleThe FRC has announced Richard Moriarty as its new chief executive, replacing Sir Jon Thompson Read More...
View article