TITLE

CGU, Norwich Union to Form European Financial Giant

PUB. DATE
April 2000
SOURCE
Best's Review;Apr2000, Vol. 100 Issue 12, p154
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the intention of British international composite insurers CGU PLC and Norwich Union PLC to merge to form a European insurer with annual premium income and retail investment sales of $16.29 billion. Major competitors of the merged company; Transaction through a zero-premium share exchange.
ACCESSION #
2968372

 

Related Articles

  • CGU brand faces axe in merger plan. Whitfield, Paul // Marketing (00253650);2/24/2000, p4 

    Reports on the possibility that CGU's retail brand will be dropped in favor of Norwich Union's should the proposed merger of the British insurers go ahead. Concerns over the future of CGU's senior marketers and its advertising agency McCann-Erickson; Remarks of a spokeswoman for both companies.

  • CGU To Dump U.S. P-C Book After Merger. Howard, Lisa S. // National Underwriter / Property & Casualty Risk & Benefits Manag;02/28/2000, Vol. 104 Issue 9, p1 

    Discusses the significance of the merger between CGU and Norwich Union in the insurance market of Great Britain. Intention of CGU to sell its property-casualty business; Opinion on what the merger would create; Chance that the deal might not go through.

  • New U.K. powerhouse. Veysey, Sarah; Kochaniec, Joanne Wojcik // Business Insurance;02/28/2000, Vol. 34 Issue 9, p1 

    Reports the merger between CGU P.L.C. and Norwich Union Insurance Group creating a multiline and insurance company in Great Britain. Aims of the combined insurance company; Plans of selling the United States (US) property/casualty operations; Speculations and views on the planned sale of the US...

  • TOO MANY UNIONS? McKelvey, Charles // Marketing Week;10/5/2000, Vol. 23 Issue 36, p28 

    Comments on the merger of Great Britain-based financial firms Norwich Union and CGU. Advertising agency of Norwich Union; Original marketing strategy of CGU in 1998; Familiarity of the Norwich Union name; Confusion resulting from consolidation in the industry.

  • Two Large U.K. Insurers Announce Merger. Howard, Lisa S. // National Underwriter / Life & Health Financial Services;2/28/2000, Vol. 104 Issue 9, p20 

    Reports on the merger of British insurance companies CGU and Norwich Union. Terms of the merger; Information on CGNU, the merged company; Expectations from CGNU; Statement issued by Bob Scott, chief executive of CGU.

  • Business & Financial.  // Insurance Advocate;02/26/2000, Vol. 111 Issue 9, p30 

    Presents news from the insurance industry as of February 26, 2000. Merger announced by CGU plc and Norwich Union plc; Venture established by American International Group Inc., The Blackstone Group LP and Kissinger Associates Inc.

  • Partnership eases pain of mass redundancies. Cooper, Cathy // People Management;3/2/2000, Vol. 6 Issue 5, p12 

    Deals with the job losses in Great Britain caused by mergers and acquisitions. Number of job losses in the merger between CGU and Norwich Union; Criticisms by Dai Davies, national officer at NatWest for Unifi, the banking union, on employees' dismissal at NatWest; Job losses at Lloyds TSB.

  • Norwich Union set to centralise its media. Griffiths, Anna // Campaign;06/09/2000, Issue 23, p3 

    Reports on the consolidation of Norwich Union and CGU media accounts, handled by CIA Medianetwork and MBS Media. Value of each media account; Possibility that CIA and MBS will pitch for the centralized account.

  • CGNU awards McCanns ...20m rebranding task. Brabbs, Cordella // Marketing (00253650);6/22/2000, p3 

    Reports that British insurance group CGNU which was formed from the merger of Norwich Union and CGU has hired McCann-Erickson to handle its advertising account. Advertising budget; Launching of the company Norwich Union Life; Changes in executive positions; Rebranding plans; Other agencies...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics