CGU plc was a large

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

group, created by the merger of Commercial Union and General Accident in 1998. The company was listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

. It merged with Norwich Union in 2000 to form CGNU plc, later renamed

Aviva plc Aviva plc is a British multinational insurance company headquartered in London, England. It has about 18 million customers across its core markets of the United Kingdom, Ireland and Canada. In the United Kingdom, Aviva is the largest general ...

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

. In the US, the CGU casualty and property businesses were purchased by

White Mountains Insurance Group White Mountains Insurance Group is a diversified insurance and related financial services holding company based in Hamilton, Bermuda. Redomiciled from Delaware, United States, on October 25, 1999, the company conducts most of its business throu ...

; the name of the company was later changed to ''

OneBeacon Intact Insurance Specialty Solutions is the brand used by Intact Financial to provide specialty insurance products in Canada and the United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. o ...

Insurance Company''.

References

Aviva Financial services companies established in 1998 Insurance companies of the United Kingdom Companies formerly listed on the London Stock Exchange 1998 establishments in the United Kingdom Financial services companies disestablished in 2000 2000 disestablishments in the United Kingdom {{company-stub