COMPANIES John Tiner, chief executive of Resolution, said he was “very confident” that the company could deliver the consolidation plan it had set out to the market in spite of the recovery in bourses that has lifted the value of potential targets.
Mr Tiner, the former head of the Financial Services Authority who runs the consolidation vehicle set up by Clive Cowdery, said Resolution did not need to buy businesses at a set discount to embedded value – a measure of the future profitability of a life assurer.
