Britain’s CGU announced that it had agreed to acquire the life insurance and pension business of Spain’s Bancaja, its 4th largest bank, for £200 million ($196 million).
The agreement will make CGNU, upon completion of the presently pending merger between CGU and Norwich Union, the 9th largest life insurance provider in Spain’s fast growing market – 17 percent annually since 1995 – with an estimated 3.3 percent market share.
Was this article valuable?
Here are more articles you may enjoy.
Woman Used Photos from Another Person in State Farm Claim, NCDOI Says 
Project 2025 Plan to End NFIP Welcomed by Some, Rejected by Others in Insurance 
CSU Research Team Increases Atlantic Hurricane Forecast 
Progressive Q2 Net Income Skyrockets Over 320% 
