Shareholders from both CGU PLC and Norwich Union PLC have approved the companies’ planned $12 billion merger. The marriage will create Britain’s largest insurance group and Europe’s fifth largest insurer. The companies also announced that 5,000 jobs, representing 7 percent of their workforce, would be trimmed as a result of the deal.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
AIG’s Turnaround Under Zaffino Sets Stage for New Leadership 
Renewals for Most Commercial Lines Decrease in May, Says Ivans 
Travelers: Vendor Issues Over Half of Wedding Insurance Claims in 2025 
WR Berkley Founder and Executive Chairman Dies at 80 
