Resolution says it has "multiple routes" to complete its UK life consolidation project including further scale transactions, a series of smaller bolt-ons or a combination of the two.
The consolidator's comments came as it revealed its first set of results since the acquisition of both the AXA UK Life business and Bupa Health Assurance Limited in the second half of this year. It reported total sales for consolidated vehicle Friends Provident Holdings for the nine months to 30 September 2010 (excluding £26m in respect of the acquired AXA businesses) were up 35% to £683m compared with £505m for the same period in 2009. However, sales were driven by a strong showing for its International and Lombard businesses with UK inflows flat over the period at £294m (excluding A...
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