Cox Insurance sells Groves, John & Westrup Limited to the Munich Re Group.

0 Comments | M2 Presswire, October, 2000

M2 PRESSWIRE-4 October 2000-Cox Insurance: Cox Insurance sells Groves, John & Westrup Limited to the Munich Re Group (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:03102000 Cox Insurance Holdings Plc (Cox) today announces that it has sold its Liverpool-based company, Groves, John & Westrup Limited (GJW), specialists in pleasure craft and cargo insurance.

GJW, part of Cox Insurance Retail Division, has been acquired by Munich Re Holding Company (UK) Limited, part of the Munich Re Group, which is one of the world's largest insurance and reinsurance groups with total assets of over GBP100 billion. Neil Utley, Chief Executive of Cox Retail Division, explains. "Cox has taken the strategic decision to sell GJW in order to concentrate on other core areas of...

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