UK insurer up for sale

Churchill Insurance, one of Britain’s biggest car and home insurers, has been put up for sale with a £1.5 billion price tag by its owner Credit Suisse Group.

UK insurer up for sale
Sun, 16 Mar, 2003 - 14:43

Churchill Insurance, one of Britain’s biggest car and home insurers, has been put up for sale with a £1.5 billion price tag by its owner Credit Suisse Group.

Among the potential bidders for Britain’s fifth-largest non-life insurer are understood to be Royal Bank of Scotland’s Direct Line insurance business and Lloyds TSB.

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CourtsHeathrowPlace: UKPlace: BritainPlace: WinterthurPlace: SwitzerlandOrganisation: Churchill InsuranceOrganisation: Credit Suisse GroupOrganisation: Royal Bank of ScotlandOrganisation: Lloyds TSBOrganisation: Credit Suisse First BostonOrganisation: ChurchillOrganisation: Credit SuisseOrganisation: Direct LineOrganisation: Royal & Sun Alliance
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