Resolution eyes sale of AmLife

INSURANCE firm Resolution yesterday announced that it is discussing whether to dispose of its 30 per cent stake in a Malaysian joint venture.

The company’s Friends Life unit is looking at selling its shares in AmLife Insurance Berhad and AmFamily Takaful Berhad back to AmBank Group, its local partner.

Resolution say the 30 per cent stake had a Market Consistent Embedded Value (MCEV) of £38m in June.