Life and pensions insurer Royal London announced that it has reached agreement with door-to-door mutual insurer United Assurance Group (UAG) to take over the company for £1.5 billion ($2.4 billion).
This new consolidation agreement comes on the heels of Monday’s announcement that CGU was to merge with Norwich Union. Company spokesmen indicated that the combining of the two companies would give them the economies of scale to operate more effectively.
Topics Mergers & Acquisitions London
Was this article valuable?
Here are more articles you may enjoy.
AT&T Says Data From Around 109M Customer Accounts Illegally Downloaded 
The Battle Over J&J’s Bankruptcy Plan to End Talc Lawsuits 
Allstate Seeking 34% Rate Hike on California Homeowners Insurance 
Beryl’s Remnants Spawned 4 Indiana Tornadoes, Including an EF-3: NWS 
