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 拢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.
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
