PROFILE |
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The 1998 union of British insurance companies Commercial Union and General Accident created CGU, the UK's top multiline insurer, but in a consolidating European insurance industry, no acronym can last for long. The company merged in 2000 with UK nonlife insurer Norwich Union, to create CGNU, a leading insurance firm throughout Europe (Allianz is #1) offering both life and general insurance. Its life and savings segments focus on life insurance, pensions, unit trusts, and other investment products; its general insurance segment includes home, auto, and fire coverage. Financial services include investment management, stock brokerage, and trustee services. CGNU operates in more than 50 countries worldwide.
COMPETITION |
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Allianz AG (AZ)
Prudential plc (PUK)
Zurich Financial Services (ZURN)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 25,920.70
1-Yr. Sales Growth: (13.1)%
Employees: 72,749
Revenue per employee: $356,303.18
KEY PEOPLE |
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Bob Scott
CEO
Peter Foster
CFO
CONTACT INFO |
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St. Helen's, 1 Undershaft
London EC3P 3DQ, United Kingdom
Phone: 44-20-7283-7500
Fax: 44-20-7662-8182
Online: Web Site
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