CGNU announces that it has extended its life and pensions distribution through the expanded branch network of Banca Popolare di Lodi ("BPL") in Italy.
CGNU announces that it has extended its life and pensions distribution through the expanded branch network of Banca Popolare di Lodi ("BPL") in Italy.
BPL has grown significantly in recent years and this distribution deal would expand and give exclusive access to a total branch network of over 1,200, up from 250 in the original agreement established in 1998.
As part of the agreement, CGNU will increase its investment in the BPL Group to some Ł140m.
Enquiries
Steve Riley
020 7662 8115
Investor Relations Director
NOTES TO EDITORS
- Over 50% of new business sales are through bancassurance distribution in Italy.
- CGNU is the largest UK based insurance group and a top 5 European life insurer with worldwide premium income and investment sales of Ł26bn. It is the second largest UK based fund manager with over Ł200bn of assets under management.