Royal Bank of Scotland said on Monday it would form a joint venture with British insurer CGNU Plc involving the insurance businesses of Royal Bank and its recent acquisition, NatWest.
Royal Bank said CGNU would pay $900 million for 50 percent of both Royal Scottish Assurance and National Westminster Life Assurance, which together would have a total embedded value estimated at 630 million pounds.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
California Insurance Commissioner Race Has Diverse Field Amid ‘Insurance Crisis’ 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
Florida Sunshine: Big Improvement in Combined Ratio in 2025, Gallagher Says 
Lemonade Logs Q1 Net Loss With Topline Growth 
