Life - Articles - Resolution to return to traditional life model


 Resolution has reported pre-tax operationg profits for the half year of £163m compared with £277m-7% below analysts' forecasts.

 Significantly, it is moving to a more conventional life company structure, will not be splitting into two companies representing closed and open books, and will not be seeking further UK acquisitions.

 The external management structure will be removed, founder Clive Cowdery will join the board, and Andy Briggs, head of Friends Life, will become chief executive of Resolution.

Back to Index


Similar News to this Story

Vulnerable customers see application forms time consuming
Many vulnerable customers cite challenges with the insurance application process, while a significant proportion are denied a policy altogether. Some
Nearly 4 in 10 adults live with ongoing medical conditions
UK health and life insurer The Exeter has released new research showing that nearly four in ten UK adults (39%) are living with one or more ongoing me
Heading for a care cost shock
60% of over-45s think the average cost of a year’s stay in a residential care home is less than £60,000 compared to industry figures suggesting actual

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.