Life insurance company weakened by battle

Mon, 19 Nov 2007

According to recent reports in the financial services news, life insurance company Standard Life have been weakened by their failed battle to purchase the dormant life insurance fund Resolution.

After a spirited bidding war that saw bids and counter-bids waged, the Edinburgh based life assurance company eventually lost out to key rival Pearl. Financial services news indicates that the company could have been weakened by their recent attempt and failure to purchase Resolution.

The near future, reports indicate, that Standard Life could become the target of a takeover bid itself, although the truth of this speculation remains to be seen.

In other life insurance news, the cost of life insurance policies can be the same price as mobile phone insurance, with UK consumers recently proven to prefer the latter.
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