Defunct insurance company in Britain
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.
History.
The company was created by the 1998 merger of Commercial Union and General Accident. It only existed for two years before it merged with Norwich Union in 2000 to form CGNU plc, later renamed Aviva plc.
In the US, the CGU casualty and property businesses were purchased by White Mountains Insurance Group; the name of the company was later changed to "OneBeacon Insurance Company".
References.
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