CGU plc
{{Short description|Defunct insurance company in Britain}}
{{use British English|date=July 2020}}
{{Use dmy dates|date=November 2020}}
{{Infobox company
| name = CGU plc
| logo = Cgulogo.PNG
| type = Public
| caption =
| fate = Merged with Norwich Union
| successor = Aviva plc
| foundation = {{date and age|1998}}
| defunct = {{end date|2000}}
| industry = Insurance
| key_people =
| products =
| num_employees =
| parent =
| subsid =
}}
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.{{Cite news|last=|first=|date=21 February 2000|title=Norwich and CGU to announce £19bn merger|url=https://www.irishtimes.com/business/norwich-and-cgu-to-announce-19bn-merger-1.247481|archive-url=|archive-date=|access-date=22 January 2021|newspaper=The Irish Times}}
History
The company was created by the 1998 merger of Commercial Union and General Accident.{{cite web|url=https://www.wsj.com/articles/SB888413884754700500|title=U.K.'s Commercial Union, General Accident to Merge|publisher=The Wall Street Journal|date=26 February 1998|access-date=18 April 2020}} It only existed for two years before it merged with Norwich Union in 2000 to form CGNU plc, later renamed Aviva plc.{{cite web|url=http://news.bbc.co.uk/1/hi/business/649600.stm |title=CGU and Norwich Union merge |publisher=BBC News |date=2000-02-21 |access-date=2010-11-02}}
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.{{cite web|url=http://www.insurancejournal.com/magazines/west/2001/06/11/features/21970.htm |title=CGU Changes Name to OneBeacon Insurance |publisher=Insurance Journal |date=2001-06-11 |access-date=2010-11-02}}
References
{{reflist}}
{{Aviva}}
{{Authority control}}
Category:Financial services companies established in 1998
Category:Insurance companies of the United Kingdom
Category:Companies formerly listed on the London Stock Exchange
Category:1998 establishments in the United Kingdom
Category:Financial services companies disestablished in 2000
Category:2000 disestablishments in the United Kingdom
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