Exclusive - Direct writer expected to take over NIG Skandia.
Churchill Insurance is believed to be in the final stages of a takeover of Swedish-owned NIG Skandia...
Churchill Insurance is believed to be in the final stages of atakeover of Swedish-owned NIG Skandia.
While neither insurer would comment on the matter, Professional Broking
understands from several industry sources that the deal is due to be
completed by the end of this year or early 2000, and would see NIG remain
as a separate subsidiary of the direct insurer.
In August, Skandia confirmed that it was looking to withdraw from the UK
market and that it was seeking a buyer for NIG Skandia.
Churchill
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