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.
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
State Farm Paid a ‘Hail’ of a Lot of Claims in 2025 
Former Ransomware Negotiator Pleads Guilty to Aiding Attackers 
