Chaucer acquires CNACCL.
The Chaucer Group has announced it is to acquire CNA Corporate Capital and the right to manage CNA's...
The Chaucer Group has announced it is to acquire CNA CorporateCapital and the right to manage CNA's syndicate 1229. In return, the CNA
Group will acquire approximately 9.1% of Chaucer's stock - making it a
significant shareholder. Following completion of the acquisition, CNACCL
will have assets of £4.7m, which will be available to provide additional
funds at Lloyd's for it to participate at Lloyd's in syndicates 587, 1084
and 1096.
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