Groupama, Fortis and Axa could be impacted by CFS-Britannia merger plan
A raft of insurers could be impacted by the decision of Britannia and Co-operative Financial Services to merge to create what has been described a "new super-mutual" and an "ethical alternative to shareholder-owned banks".
In a statement the parties said that combining CFS, with Britannia, the UK's second biggest building society, will create a business with £70 bn of assets, nine million customers, 12 000 employees
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