CGU plc

CGU plc was a large insurance group, created by the merger of Commercial Union and General Accident in 1998. The Company was listed on the London Stock Exchange. It merged with Norwich Union in 2000 to form CGNU plc, later renamed Aviva plc.

CGU plc
Public
IndustryInsurance
FateMerged with Norwich Union
SuccessorAviva plc
Founded1998
Defunct2000
HeadquartersLondon, UK

History

The company was created by the 1998 merger of Commercial Union and General Accident.[1] It only existed for two years before it merged with Norwich Union in 2000 to form CGNU plc, later renamed Aviva plc.[2]

In the US, the CGU casualty and property businesses were purchased by White Mountains Insurance Group; the name of the Company has since changed to OneBeacon Insurance Company.[3]

References
  1. "U.K.'s Commercial Union, General Accident to Merge". Wall Street Journal. 26 February 1998. Retrieved 18 April 2020.
  2. "CGU and Norwich Union merge". BBC News. 2000-02-21. Retrieved 2010-11-02.
  3. "CGU Changes Name to OneBeacon Insurance". Insurance Journal. 2001-06-11. Retrieved 2010-11-02.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.