Now the Door Is Open for a Shake-Up in Insurance

Evening Standard - London › July 23, 2007

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Summary

THE best bet in the market today must be that Friends Provident and Resolution Life never make it to the altar.

Details of the pair's merger talks were leaked on Friday, and while this brought confirmation that a deal was in the offing, it also gave the impression that one side was keener than the other.

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Extract

Now the Door Is Open for a Shake-Up in Insurance

The leak might have the useful effect of bouncing the more reluctant party Friends Provident to swallow hard and sign. But the fact that this is a nil-premium deal in effect hoists a for sale sign over that company. They are not going to be able to sell the plan ...

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