Article date: 27 January 2000
CGU has secured one of the leading home portals following itsrecent acquisition of UK Property Gold (UKPG), providing a platformto build an extensive property database for the benefit of homemovers.
CGU is developing this home portal and expects to launch a newbusiness in the Spring, which will improve and simplify the homeselection and moving process for consumers, and increase theopportunities for estate agents to market their property servicesonline.
|Analysts / investors|
Steve Riley, Head of Investor Relations,
|0171 662 8115|
Laura Frost, The Maitland Consultancy
|0171 379 5151|
Notes to Editors
- CGU is Europe's 5th largest insurance group and the largest inthe UK, with worldwide annual sales of £18 billion
- UKPG's website can be found at www.ukpg.co.uk
- On average,there are an estimated 300,000 residential properties on themarket in the UK at any one time and the estate agency and relatedservices market is worth around £3bn per annum.