News

Britain's ageing population and changes to workplace pensions proved lucrative for Resolution during the first half of the year.

Resolution begins new acquisition spree in US

The insurance entrepreneur Clive Cowdery, who has spent billions consolidating the UK life insurance industry, has embarked on a mission to do the same in the US with a $600m (£395m) acquisition there.

Resolution dividend goes up despite the profits going down

Clive Cowdery's Resolution yesterday raised its dividend by more than 6 per cent despite full-year profits missing City expectations.

Questions of cash: Securing a £100 refund on a replacement handbag was like going round and round the Mulberry bush

Q. My husband bought a bag for me on 5 January for my birthday from the Mulberry store in St Christopher's Place, London. It was not a sale item. At my request, he exchanged it on 20 January for a different colour. The replacement bag was £100 cheaper. The store told him he could not have a refund and instead issued a credit note. However, the store's website shows that its policy is that items returned in perfect condition within 28 days with proof of purchase will be refunded. I have tried repeatedly but unsuccessfully to contact Mulberry to resolve this. The transaction was some time ago but I only recently found out that the store did not provide a refund. FW, by email.

Resolution finance chief Bourke joins Bupa

Private healthcare group Bupa has hired Evelyn Bourke from insurance group Resolution to be its new chief financial officer.

James Moore: Man who holds the remuneration purse strings must be next for the axe at Aviva

Outlook Last week, Andrew Moss was giving up his pay rise. This week it's his job. The so-called "Shareholder Spring" has claimed its first scalp. Scalp, perhaps, but Mr Moss is no victim. Aviva's now former chief executive will depart with a severance package of £1.75m despite having presided over a share price fall of around 60 per cent.

Resolution eyes two-way split

Resolution shares tumbled towards the bottom of the stock market movers yesterday as the insurer unveiled plans to split the business in two by 2014.

Investment: Aviva is star pickof life insurers as Prudential suffers growing pains

Can Asia's economies continue to thrive as the rest of the world stumbles? Debatable

Cowdery buys Resolution shares

The tycoon Clive Cowdery has given a vote of confidence to Resolution, the company he co-founded, by splashing out more than £600,000 on 240,000 shares at 252.9p, for his first personal stake.

Nixon excited by final fling in India after Foxes upset the odds

Twenty20 Final: Leicestershire 145-6 Somerset 127-9

Investment Column: Don't be lured by Resolution's valuation

John Menzies; Highland Gold Mining

Surprise bidder for Lloyds bank branches

Insurance tycoon Clive Cowdery has emerged as a surprise bidder for the 632 bank branches being sold by Lloyds Banking Group, it was reported today.

Resolution plans to shut two offices

The insurance takeover specialist Resolution is to close its offices in Manchester and Basingstoke, affecting 295 jobs, as it integrates the three acquisitions it has made since it launched in 2008.

The business on: Sir Adrian Montague, Chairman, 3i

Aren't they the acceptable face of private equity?

Resolution to pay back £500m to investors

Resolution Ltd, the insurance buyout business founded by Clive Cowdery, announced yesterday it would return £500m to investors over the next year.

Aviva selects RBS director McFarlane as new chairman

Aviva is to appoint John McFarlane as its new chairman, ending the insurer's 10-month search to find a successor to Lord Sharman.

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Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
3.	Provence 6 nights B&B by train from £599pp
Prices correct as of 20 February 2015
The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn
Yvette Cooper: We can't lose the election. There's too much on the line

Yvette Cooper: We can't lose the election. There's too much on the line

The shadow Home Secretary on fighting radical Islam, protecting children, and why anyone in Labour who's thinking beyond May must 'sort themselves out'
A bad week for the Greens: Leader Natalie Bennett's 'car crash' radio interview is followed by Brighton council's failure to set a budget due to infighting

It's not easy being Green

After a bad week in which its leader had a public meltdown and its only city council couldn't agree on a budget vote, what next for the alternative party? It's over to Caroline Lucas to find out
Gorillas nearly missed: BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter

Gorillas nearly missed

BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter
Downton Abbey effect sees impoverished Italian nobles inspired to open their doors to paying guests for up to €650 a night

The Downton Abbey effect

Impoverished Italian nobles are opening their doors to paying guests, inspired by the TV drama
China's wild panda numbers have increased by 17% since 2003, new census reveals

China's wild panda numbers on the up

New census reveals 17% since 2003