Cowdrey yesterday announced his desire for Resolution to acquire at least two more life insurers, alongside the £1.86bn purchase of Friends Provident, within the next 18 months.
Cowdrey has discussed a list of 25 companies with investors and analysts. The Telegraph says Friends Prov is believed to have formerly examined a merger with L&G.
Resolution is also thought to have recently considered a bid for Prudential, after an initial proposal was rejected earlier this year.
Analyst firm Keefe, Bruyette & Woods says Resolution’s focus will also include the UK operations of European players such as Axa, Swiss Re and Aegon.
KBW says Standard Life and L&G would be “reluctant brides” of Resolution.