Breathing 'life' into a moribund sector!

Clive Cowdery’s 'new' Resolution vehicle is expected to solicit acquisitions with a price tag of around £5bn-£7bn, which brings most of the UK listed life and pensions industry, other than Prudential and Aviva, into Resolutions sights.

Mr Cowdery has commented that “there will be fewer insurers left in the UK once Resolution has completed its restructuring of the life sector,” which, according to John Tiner, CEO of Resolution, “is not about rolling up smaller businesses and selling a larger company on, but about restructuring and freeing up the value of separate parts.’

This is a bold strategy and one clearly with some level of institutional support.

Outlining a vision for the future is one thing; executing it to generate value for investors is, as history shows, not necessarily as easy as some might believe.

We await with interest further developments in this intriguing battle in, what remains, a ‘lifeless’ sector in the UK economy.