CGNU LIFE ASSURANCE
General Accident Insurance Company was founded in 1885 in Scotland. Commercial Union Life Assurance was founded in 1600's. In 1998 General Accident [GA Life] and Commercial Union merged to form CGU plc. Both General Accident & Commercial Union Life Company [CU Life] were also once a major force in the protection market place with their sales forces. CU famous TV advert said "we do not make a drama out of a crisis"
In 2000, Norwich Union merged with CGU plc. Upon merging they formed the group CGNU Life Assurance Ltd which remained as the trading name until 2002 - then went on to become the Aviva group. In 2007 Aviva completed the acquisition of Hamilton Insurance from HFC Bank plc , a subsidiary of HSBC Finance Corporation. As announced from 4/2008, the Aviva Life Insurance brand will be the dominant brand. In 1997, Norwich Union had demutualised and floated as a PLC on the Stock Exchange.
Today you cannot purchase CGNU life assurance products anymore but old plans may still serve customers and are adminstered via Norwich Union Life Assurance. In 2017 Aviva Life Insurance offers a wide range of products - whole life cover, decreasing (mortgage protection) or level term assurance, Life with Critical Illness, Income Accident Sickness Protection and Un-Employment cover.
Looking in 2017 to compare old CGNU Life Insurance or Aviva Life Insurance against other Uk Insurers
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Article on:CGNU Life Insurance ~ for more information visit www.aviva.co.uk *
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