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 protect ...

group, created by the merger of Commercial Union and

General Accident General Accident plc was a large insurance business based in Perth, Scotland. It merged with Commercial Union in 1998 to form CGU plc. History The Norie-Miller years The Employers' Liability Act 1880 ( 43 & 44 Vict. c. 42) opened a new are ...

in 1998. The company was listed on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

. It merged with

Norwich Union Norwich Union was the name of insurance company Aviva's British arm before June 2009. It was originally established in 1797. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index. On 29 April 2008, Aviva a ...

in 2000 to form CGNU plc, later renamed Aviva plc.

History

The company was created by the 1998 merger of Commercial Union and

. It only existed for two years before it merged with

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

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 {{UK-company-stub