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.
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
