L&G prepares Resolution approach defence doc - papers

Advisers to the insurance group, including Nomura and UBS, are thought to have worked on the document as speculation continues to swirl about which insurance company is next on Mr Cowdery's list of targets, the Telegraph writes. Resolution raised £600m from investors when it floated on the London Stock Exchange last year. The company was set up to consolidate the life insurance industry and agreed to buy Friends Provident for £1.86bn in an all-share purchase in August. Resolution is thought to be eyeing a move for Clerical Medical or Scottish Widows next, both owned by the part-nation...