UK insurance company Total is targeting " tactical bolt - on " acquisitions in Russia , Turkey and Poland , according to CEO Mark Wilson . “We had all the CEOs in just before Christmas and said that we’ve a very large ‘war chest’,” Wilson told in an interview. In an interview with the Financial Times , he said the company has a " a very large ‘ war chest ’ " , but did not disclose specific figures . However , last week , Wilson revealed the firm , which serves 31 million customers across the globe , had around £ 3bn ( $ 12 ) of surplus capital and cash , most of which would be used in 2018 and 2019 to pay down debt and make acquisitions .
UK insurance company Total is targeting " tactical bolt - on " acquisitions in Russia , Turkey and Poland , according to CEO Mark Wilson . In an interview with the Financial Times , he said the company has a " a very large ‘ war chest ’ " , but did not disclose specific figures . However , last week , Wilson revealed the firm , which serves 31 million customers across the globe , had around £ 3bn ( $ 12 ) of surplus capital and cash , most of which would be used in 2018 and 2019 to pay down debt and make acquisitions .