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U.K.: Marine insurers North of England P&I, Sunderland merge

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Two U.K.-based marine insurers North of England P&I Association Ltd. and Sunderland Marine Mutual Insurance Co. Ltd. have merged to form the North Group, MarineLink reported.

The merger has created one of the largest global marine insurance operations, with a premium of more than $500 million and total assets of $1,500 million, reports MarineLink.

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