Norwich Union's specialist property owners' teams have joined forces in a dedicated unit at the company's Fenchurch Street offices in London.
Norwich Union's specialist property owners' teams have joined forces in a dedicated unit at the company's Fenchurch Street offices in London.
Demonstrating the insurer's commitment to the property owners' market, the 30-strong team will focus on underwriting business for commercial property owners, managing agents, pension fund portfolios and other clients. They will be supported by dedicated products, systems and claims handling operations.
The new unit will result in real benefits for brokers and customers. David Cooper, manager of Norwich Union's property owners' team commented; "Brokers will benefit from a specialist operation with tremendous depth of experience and expertise. The combined team will also give an enhanced service, with brokers being allocated dedicated staff with specialist knowledge of the market to manage their accounts.
"Pooling our resources gives us a stronger base on which to further develop and grow our business. The new structure will enable us to better understand clients' requirements and we will continue to reflect these in innovative products and services."
With premium income in excess of Ł200 million across the UK, Norwich Union is one of the leading insurers in the property owners' market.
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Press contact: Liz Nicholson on 08703 666 863.
Notes to editors
- CGU plc and Norwich Union plc merged on 30 May 2000 to create CGNU plc, the UK's largest insurance group and one of the top-five insurers in Europe with substantial positions in other markets around the world, making it the world's sixth largest insurer based on gross worldwide premiums.
- CGNU's principal business activities are long-term savings, fund management and general insurance, with worldwide premium income and retail investment sales from ongoing business of over Ł27 billion and assets under management of more than Ł210 billion (correct as at February 2001).
- From October 2000, the combined life and pensions, general insurance and retail fund management businesses in the UK operate under the Norwich Union brand, while the institutional investment business operates under the Morley Fund Management brand.
- Norwich Union's news releases are available on the internet at www.cgnu-group.com
- From October 2000, the combined life and pensions, general insurance and retail fund management businesses in the UK operate under the Norwich Union brand, while the institutional investment business operates under the Morley Fund Management brand.