Insurance Age

Business as usual at Kaupthing Singer & Friedlander

Following on from the news of its sale - announced by Insurance Age yesterday afternoon - the company has released the folllowing statements:

Richard Pyman, managing director, head of Asset Finance said: "As the final step in the restructuring of the UK business following Kaupthing's acquisition of Singer & Friedlander in 2005, Kaupthing Singer & Friedlander recently announced on the 25 February 2008 that it has decided to place their Asset Finance Division up for sale.

"A high level of interest has already been shown and the group's preference is to find a single buyer for the entire division on a going concern basis. In the mean

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