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 拢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.
IBM Agrees to Pay Government $17 Million in DEI Settlement 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
Data Centers Offer a Potential $10 Billion Windfall for Insurers 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
