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.
FBI Involved After Two Florida Injury Lawyers Go Missing From Fishing Trip 
CRC Group Signs Agreement to Acquire Euclid Transactional 
High-Net-Worth Risk Appetite Drops as Some Regions Show Stabilization 
AIG’s Zaffino to Step Down as CEO as Aon’s Andersen Steps In 
