CNA Maritime fails in bid for Yachtline
CNA Maritime has confirmed that it is still on the acquisition trail after discussions collapsed with...
CNA Maritime has confirmed that it is still on the acquisition trail after discussions collapsed with Greatminster Underwriting Group regarding the purchase of the Yachtline business portfolio.CNA Maritime currently commands £4m of gross written premium on its yacht book, and is looking to double this amount through acquisition.
The Yachtline book of business is worth £3m in gross written premium and CNA maritime ia aiming to purchase business with a similar value. The insurer is looking to
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