Resolution is to return £500m of surplus cash to investors, it said this morning.
The life insurance acqusitionin vehicle, founded by insurance entrepreneur Clive Cowdery, said it will begin its capital return programme immediately with a £250m share buyback.
Resolution will then follow up with a further £250m capital return in the first half of 2012, provided it squeezes £235m out of its existing assets this year.
Resolution bought life insurer Friends Provident in 2009 and last year acquired AXA's UK life business as well as parts of private health insurer BUPA.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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