The British insurance industry is in the grip of takeover fever.
The usually staid and conservative sector burst into life with Prudential’s ill-fated bid to clinch a transformative deal in Asia this year, followed now by RSA’s hostile pursuit of Aviva, and then by Resolution, the buyout vehicle, spelling out its determination to continue prowling for further acquisitions. Paternoster, a specialist pensions firm set up by former Prudential executive Mark Wood, has also been put up for sale.
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Tags: Aviva, business, economy, insurance companies, Prudential, RSA