It has been stated that the Clive Cowdery’s, Resolution is planning to buy the UK life business of French insurer, as the purchase is being discussed with AXA. The talks were confirmed by the Resolution group last night.
Earlier also, Resolution purchased Friends Provident for £1.9 billion, last year.
It is known that Resolution has been planning the purchase since months and the talks became official following the keenness indicated by the French insurer.