British insurer CGNU Plc will take on an additional cost of $200 million in its purchase of CGNU due to amendmen6ts to the sale of its U.S. general business to White Mountains Insurance Group Ltd.
CGNU said in September it was withdrawing from the U.S. property and casualty market with the sale to White Mountains.
The U.S. general business was sold for $2.06 billion plus the cost of repaying an inter-company loan of $1.10 billion.
Topics USA
Was this article valuable?
Here are more articles you may enjoy.
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
