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Merger of two U.K. insurers would create one of world's biggest marine insurance operations

December 17, 2013 - 6:00am


The proposed merger of two U.K. marine insurers – North of England P&I Association Ltd. and Sunderland Marine Mutual Insurance Co. Ltd. – would create one of the world's biggest marine insurance operations, The Northern Echo reported.

The two insurers have signed a framework agreement.

They have a combined premium of more than £300 million ($488.9 million).

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