Life insurance company display spirit

Tue, 20 Nov 2007

Although reported recently in life insurance news that Standard Life could become the victim of a takeover bid, news from this sector today indicates that the company remains a predatory force, despite being weakened by their failed bid for closed life insurance fund Resolution.

The chief executive of Standard Life, Sandy Crombie, is unable to speak out about the failed acquisition yet, due to rules governing the Edinburgh based life insurer’s formal offer. Crombie must bite his tongue due to the regulations about mergers &acquisitions.

Crombie is a life insurance veteran, who has had a 41-year career with Standard Life, as well as four years at the helm of the company, who are the fifth-largest insurance company in the UK.

Standard Life were ousted from their offer by a full-on attack by Pearl, themselves a rival closed-life-fund group. Although critics are calling Standard Life vulnerable, others say the company is displaying considerable spirit and are devoted to further growth.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

 

 

newsnews rss
Life Insurance news
New life insurance deal - Thu, 21 Aug 2008
Life insurance agreement between two companies - Mon, 18 Aug 2008
UBS unable to cover life insurance clients - Fri, 15 Aug 2008
More News
LV 50 Plus Plan

The LV 50 Plus Life Insurance Plan from Liverpool Victoria is cover for people over the age of 50.
Click here to apply

Mortgages