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.
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
Storage Shed Caused Nashville Parking Garage Fire, Travelers Says in $10M Subro Suit 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
Stellantis Tells Owners of 1.3 Million Jeeps to Park Outside Over Fire Concerns 
