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Winterthur to administer Pru&#39s general insurance

The Prudential is set to announce a deal which will see its general insurance division administered by Winterthur.

The deal, which is could be announced as early as today, will see the Prudential receive up to £450m in cash.

A National paper reported today that Winterthur beat off rival bids from Direct Line, Royal & SunAlliance and CGNU.

It will assume responsibility for administering the division, including taking on the staff.

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