Life and pensions insurer Royal London announced that it has reached agreement with door-to-door mutual insurer United Assurance Group (UAG) to take over the company for £1.5 billion ($2.4 billion).
This new consolidation agreement comes on the heels of Monday’s announcement that CGU was to merge with Norwich Union. Company spokesmen indicated that the combining of the two companies would give them the economies of scale to operate more effectively.
Topics Mergers & Acquisitions London
Was this article valuable?
Here are more articles you may enjoy.
Municipal Insurer Must Pay Share of $14.9 Million Wrongful Incarceration Settlement 
LA Port Strike Risk Pushed to Friday as Labor Talks Continue 
FTC, States Allege Toast Software Burns Restaurants and Consumers 
US Court Reinstates ‘Sunday Ticket’ Class Action Verdict Against NFL 
