British insurance group CGU expects to sell its U.S. insurance business to one of about 10 potential buyers by year’s end.
The company will continue accepting offers of interest through May, narrowing the number that will go through due diligence to a select few. The business went up for sale in February when it announced a merger with Norwich Union, a British life insurer.
Topics USA
Was this article valuable?
Here are more articles you may enjoy.
Intersecting Risks and the Future of Construction Insurance 
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
Need Wind Mitigation? New Florida Insurer Wants to Help With That 
