Royal Bank of Scotland said on Monday it would form a joint venture with British insurer CGNU Plc involving the insurance businesses of Royal Bank and its recent acquisition, NatWest.
Royal Bank said CGNU would pay $900 million for 50 percent of both Royal Scottish Assurance and National Westminster Life Assurance, which together would have a total embedded value estimated at 630 million pounds.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Japan’s $550B Bet on America鈥擶hat it Means for the US Insurance Market 
Business Interruption Claims Arising From the Middle East Conflict 
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
