In March 2000 the company announced a forthcoming merger with UK-based Norwich Union
Worldwide GWP for 1998 (£000s):
Bob Scott is the executive director and group chief executive of CGU.
He is 57 years of age and was appointed to the CGU Board in June 1998, following the merger of General Accident and Commercial Union. Joining the South British Insurance Company, now part of CGU Group, in 1959, he worked in New Zealand, the United Kingdom and Australia before moving to the United Kingdom in 1990. Scott joined the Board of General Accident in 1992, becoming its group chief executive in 1996.
Year company established:
Address, telephone and fax numbers of European head office:
Tel: +44 20 7283 7500
Fax: +44 20 7662 7114
Key general insurance personnel:
Cees Schrauwers, managing director
Bob Newton, general manager
Peter Haynes, finance director
Bill Brant, business services director, CGU Insurance
Nick Hall, retail business development director, CGU Insurance
Peter Hessey, human resources and facilities director CGU Insurance
Phil Loney, consumer direct director, CGU Insurance
Igal Mayer, London markets director, CGU Insurance
Cathryn Riley, retail operations director, CGU Insurance
Trevor Smith, commercial insurances director, CGU Insurance
Clive Watson, chief underwriting officer, CGU Insurance.
CGU was formed through the merger of Commercial Union (founded 1861) and General Accident Fire and Life Assurance Corporaiton (founded 1885), which took place in June 1998.
The rationale behind the merger was to create a world-scale insurance group with a strong presence in European life and savings, a major asset Manager and a leading position in general insurance. An international group with operations in over 50 countries from Australia to Zimbabwe, CGU employs approximately 52,000 staff.
Worldwide net written premium for 1998 (£000s):