Best's News


Best’s News & Research Service subscription required - February 08, 2001 11:40 AM (EST)

Australia's NRMA to Buy CGNU's New Zealand Unit

Australia's NRMA Insurance Group Ltd. has agreed to buy New Zealand's largest general insurer, State Insurance Ltd., from its London-based owner, CGNU plc, for NZ$405 million (US$1 = . . .

-- This content requires a subscription --

Already a Subscriber?

Log in  Register your purchase

Not a Subscriber?

Best's News & Research Service

A subscription includes:

  • BestDay
  • Best's News
  • Best's Review
  • Best's Research
  • Best's Special Reports & Commentaries
  • Best's Rankings
  • and more...

Subscribe

Receive emails featuring AM Best's news and research
Opt-in

Expense Reductions


Latest News

AM BEST WEBINAR
Playback Now Available for AM Best-Hosted Webinar on Strategic Approaches to Defending Product Liability Claims for Insurers
Apr 02, 2026 10:58 AM (EDT)
BEST'S CREDIT RATING ACTION
AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of Arch Wilsure Insurance Company
Apr 02, 2026 10:49 AM (EDT)
LONDON MARKET
Amwins CEO: London Market Softens as Capacity Grows
Apr 02, 2026 10:15 AM (EDT)
UNITED KINGDOM
AM Best: Market Segment Outlook – United Kingdom Nonlife Insurance
Apr 02, 2026 10:07 AM (EDT)
HONG KONG
AM Best: Proposed Risk-Based Capital Changes Credit Positive for Hong Kong’s Nonlife (Re)insurers
Apr 02, 2026 09:44 AM (EDT)

More from Best’s News


Trending

1
WAR RISK INSURANCE
Marine War Risk Coverage at Risk as Middle East Conflict Escalates
Mar 02, 2026 11:39 AM (EST)
2
STRATEGY
Zurich CEO: Global Specialty Prospects Ideal Amid Current Uncertainty
Nov 19, 2025 11:03 AM (EST)
3
OCEAN MARINE INSURANCE
LMA: London Market Coverage Remains Available for Strait of Hormuz Shipping
Mar 24, 2026 11:08 AM (EDT)
4
MERGERS AND ACQUISITIONS
AIG Closes on Convex, Onex Transactions
Feb 09, 2026 01:06 PM (EST)
5
ARTIFICIAL INTELLIGENCE
Nippon Life Sues OpenAI for Illegally Practicing Law in Dispute Over Settled Claim in Illinois
Mar 11, 2026 04:42 PM (EDT)

    

1
MERGERS AND ACQUISITIONS
AIG Closes on Convex, Onex Transactions
Feb 09, 2026 01:06 PM (EST)
2
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of Korean Reinsurance Company
Dec 12, 2025 08:02 AM (EST)
3
STRATEGY
Zurich CEO: Global Specialty Prospects Ideal Amid Current Uncertainty
Nov 19, 2025 11:03 AM (EST)
4
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of The Allstate Corporation and Its Core Subsidiaries
Aug 28, 2025 04:29 PM (EDT)
5
BEST'S CREDIT RATING ACTION
AM Best Revises Outlooks to Negative for Knight Insurance Company Ltd. and Its Affiliates
Apr 17, 2025 09:18 AM (EDT)