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.
Kentucky Scrapyard Workers Describe UPS Plane Crash That Destroyed Their Business 
Cloudflare Resolves Global Outage That Disrupted ChatGPT, X 
‘Clear Soft Market Conditions’ for Commercial P/C Lines in Q3, Says CIAB 
Five Reasons Why the US Escaped a Hurricane Landfall So Far This Year 
