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Article: City in brief; Business Day.(Statistical Data Included)
- Article from:
- The Evening Standard (London, England)
- Article date:
- March 20, 2001
CopyrightCOPYRIGHT 2001 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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City in brief
CGNU buys in Hungary
GENERAL insurer CGNU is paying Dutch bank ABN Amro [pound]64 million for Hungary's sixth largest life business, Mebit.
The British insurer now draws 25% of its premiums from Europe, where operations include Poland, the Czech Republic and Romania. Hungary is one of the better-off central and Eastern European countries, with a population of 10 million, and an undeveloped insurance market.
Mebit sells life policies to the well-off through a direct sales force of 800.
Delta Slides on Us worry
FEARS about the US economy hit electrical and engineering group Delta today, the shares ...
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