Addition to Board signals designs for growth in USCGNU Corporation announced today that Claudine B Malone has been elected a director of this newly formed holding company.
Addition to Board signals designs for growth in US
CGNU Corporation announced today that Claudine B Malone has been elected a director of this newly formed holding company.
Ms Malone is president of Financial & Management Consulting, Inc of McLean, Va. She also serves as a director of Hasbro, Inc; LaFarge Corp; Lowe’s Companies, Inc; and Science Applications International Corp.
Cees Schrauwers, Chairman of CGNU Corporation, said: “We are delighted to have a leader with Claudine’s breadth and depth of experience joining our board. We are certain that she will make a significant contribution to our plans to grow CGU Life in the US in the coming years.”
With $2.7 billion in assets, CGU Life Insurance Company of America (www.cgulifeusa.com) serves the annuity and life planning needs of individuals and families in the US through a national network of independent agents, specialty brokers and banks. CGU Life is rated A+ (Superior) in financial strength by AM Best Co and AA- (Very High) by Fitch.
CGU Life is the US arm of London-based CGNU plc (LSE: CGNU). CGNU is the world’s seventh-largest insurance group and the largest insurer in the UK. It has worldwide premium and investment sales from ongoing business of Ł27 billion, and more than Ł200 billion in assets under management at 30 June 2001.
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