Britain’s CGU announced that it had agreed to acquire the life insurance and pension business of Spain’s Bancaja, its 4th largest bank, for £200 million ($196 million).
The agreement will make CGNU, upon completion of the presently pending merger between CGU and Norwich Union, the 9th largest life insurance provider in Spain’s fast growing market – 17 percent annually since 1995 – with an estimated 3.3 percent market share.
Was this article valuable?
Here are more articles you may enjoy.
California Insurance Commissioner Race Has Diverse Field Amid ‘Insurance Crisis’ 
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
Florida Woman Drives Elevated Pickup Over Lamborghini Sports Car in Parking Lot 
Travelers to Expand Homeowners Insurance Offering in California 
