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Commercial Union and General Accident, the two insurance groups, have won European Commission approval for their recently-announced merger and expect to complete the deal in June. 07-May-1998 Commercial Union and General Accident have agreed a £14bn merger to create a new group called CGU that will be the UK's second-biggest insurer, and about 5,000 jobs will be lost. 26-Feb-1998 General Accident is ordering 4,000 network computers from IBM, the largest sale of NC machines so far in Europe, in order to reduce maintenance costs, increase flexibility and ensure year 2000 compliance. 08-Jan-1998 General Accident is pulling out of Scandinavia with the sale of Activ Forsikring, its Norwegian operation, to Skandia Insurance for undisclosed terms. 07-Jan-1998 General Accident has acquired Canadian General Insurance Group for £270m, increasing its share of the Canadian market from under 7% to 10%. 21-Oct-1997 General Accident has sold its Puerto Rican life company to American Annuity Group for £30m. 23-Sep-1997 General Accident has announced plans to cut 600 jobs in the US through the introduction of new technology. 13-Aug-1997 Prudential has acquired the New Zealand life business of General Accident for £70m. 27-Mar-1997 General Accident is considering plans to make an acquisition in order to achieve its aim of doubling new premium income from sales of life assurance, investment products and pensions over the next three years. 07-Jan-1997 General Accident has linked up with Ometraco to form a general insurance company in Indonesia. 20-Dec-1996 General Accident has axed plans to set up the UK's first multi-franchise car supermarket near Thurrock in Essex as it has only attracted one dealer. 20-Nov-1996 General Accident is to continue to try to reverse the recent price cuts in UK private motor insurance with last month's 4% rise to be followed by further increases. 15-May-1996 General Accident is buying two German companies for £61m from UAP of France - UAP Allgemeine, a general insurer, and UAP International Leben, a life insurer. 01-May-1996 General Accident is raising motor insurance premiums by an average 4% from April, and says it is looking for a significant acquisition in Germany or France. 28-Feb-1996 General Accident has bought Provident Mutual for £170m. 29-Sep-1995 General Accident may acquire Provident Mutual, in a deal worth over £100m. 14-Sep-1995
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