Deal worth $600m done as Cowdery takes strategy to US

Cowdery's Resolution Life Holdings beat private equity bidders for the 75-year-old business, previously owned by Allstate, reports the Financial Times. Resolution Life Holdings is separate from Resolution Ltd, a consolidation business twice launched by Cowdery - initially in 2004 - and which acquired Friends Provident in 2009. A statement from Allstate appeared to suggest Cowdery was taking his consolidation model abroad. "Its strategy is to acquire a number of life insurance businesses in the US and focus on the needs of existing customers over the long run, rather than actively seek...