NU completes £1.7bn five year deal
Aviva announced today that it has completed the acquisition of Hamilton Insurance Company and Hamilton Life Assurance Company from HFC Bank, a subsidiary of HSBC Finance Corporation. The Hamilton companies, which provide a range of creditor insurance products, had gross assets of £180m and £176m respectively as at 31 December 2006.
In addition, Norwich Union Insurance, the UK general insurance arm of Aviva, has signed five year agreements to underwrite creditor business for HFC Bank and some of its subsidiaries, and to provide
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