Large fusion in British insurance line
LONDON (DUTCH PRESS AGENCY/afp) - the British insurer
Britannic will merge with branchegenoot Resolution life. By
going together a venture with six millions policies and an market
value of 1.8 billion pond sterling arises. That made confessed
both companies Thursday.
top man Paul Thompson van Britannic is glad with aggregation.
"this is a fusion of two companies which complete each other
and follow a common strategy." Thompson will get the control
concerning the new group.
Fusion will be by all odds in the third trimester wound up and
must a cost saving of 20 millions pond produce. The new
insurance company goes further under the name Resolution. <! - -
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Statistics convert Damrak (mln stuks) 122.6 A E X
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I N D I C E S AEX
17:53 373,35 0.15% AMX
17:53 450,35
-0,75% ASCX 17:38 458,31
0.14% Eurotop 100 17:29 2.435,30 0.00%
BEL-20 17:37 3.082,06 0.71% FTSE 100
17:36 5.009,20 0.10% CAC-40 17:53
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0.03%
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EURO/GBP 0.6710
EURO/chf 1.5335
EURO/jpy 131.3740
EURO/dollar 1.2218
Source "large fusion in British insurance line": telegraph
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