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CGU is forming a bancassurance partnership with Bancaja of Spain, in which it will acquire management control of Bancaja's Aseval life insurance subsidiary. 19-May-2000 CGU is to invest £40m in a new home-moving business on the internet, which will offer a database of 180,000 properties from more than 3,000 estate agents. 11-May-2000 CGU is planning to invest £20m in e-commerce companies through a fund called Quester, in order to enhance its online capability by building relationships with external companies. 26-Apr-2000 Marks & Spencer is moving into the general insurance market with the launch of home and contents policies, underwritten by CGU. 14-Apr-2000 CGU is linking up with Tesco Personal Finance to launch a series of new life assurance, pension and investment products. 05-Apr-2000 CGU and Norwich Union are planning a £18bn merger to create a leading supplier of general insurance, life and pensions, and up to 4,000 job losses are expected to follow. 21-Feb-2000 Royal Bank of Scotland is forming a joint venture with CGU to create insurance policies for its banking customers, and CGU will pay about £150m for a 50% stake in RBS's life subsidiary. 29-Nov-1999 CGU has agreed a £124m IT outsourcing deal with IBM, which will involve IBM supplying further equipment and support at CGU's Perth office. 26-Nov-1999 CGU has acquired Dutch insurer Nuts Ohra for £122m, and has also announced the formation of a joint venture with Societe Generale in Romania. 11-Nov-1999 CGU is to take full control of Hibernian Group in a deal that values the Irish life assurer at £336m. 05-Nov-1999 CGU is to sell its Greek life assurance business to Aspis Pronia for undisclosed terms, and Aspis will distribute CGU's investment products in Greece. 27-Oct-1999 CGU is acquiring Gan Canada from Groupama of France for £56m, in order to expand its Canadian insurance business. 14-Sep-1999 CGU is testing the feasibility of selling general insurance to the public via interactive TV. 12-Aug-1999 CGU Life has acquired 49 estate agency branches from the Halifax for undisclosed terms. 06-Jul-1999 CGU, the insurance company, has announced a £10m four-year sponsorship deal with British athletics, and the money will be spent on developing the sport at all levels. 26-Jun-1999 CGU is in discussions to merge its Delta Lloyd subsidiary with NUTS OHRA to create the third largest insurer in the Netherlands with 6,000 employees. 03-Jun-1999 CGU Group has launched a separate fund management division called Morley Fund Management, which will manage about £45bn of assets from London. 17-Mar-1999 CGU is negotiating a deal with Banca delle Marche for the distribution of its life insurance and savings products through the Italian bank's network of 220 branches. 05-Feb-1999 CGU is acquiring Tellit Assurance, the French general insurer, from Royal & Sun Alliance for £7m. 19-Jan-1999 The shortlist of bidders for NPI, the mutual insurer, has been narrowed down to four companies - CGU, Britannic, AMP of Australia and Swiss Life - and a decision is expected before the end of the year. 05-Dec-1998 CGU is acquiring three Greek insurance companies from Royal & Sun Alliance for £3.6m. 26-Nov-1998 Standard Chartered Bank is to set up a dedicated sales force at its 99 branches in Hong Kong and Singapore to sell general insurance policies on behalf of CGU. 17-Nov-1998 CGU is said to reviewing the options for its 28% stake in Hibernian, the Irish insurance company, which could involve selling the stake or buying the rest of the company. 09-Nov-1998 CGU, the insurance group, is to close seven branches in Stevenage, Southend, Taunton, Hull, Banbury, Bournemouth, and Torquay. 23-Oct-1998 CGU is to merge its life insurance businesses into a single marketing unit and introduce 32 products under the CGU Life brand to replace the ranges previously offered by CU and General Accident. 28-Sep-1998 CGU is planning to introduce a single marketing operation for its life insurance business in October, and has also expressed its desire to participate in the privatisation of Poland's state pension system next year. 29-Jul-1998
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