Norwich Union International, Aviva’s Dublin-based offshore subsidiary, reports new business of €119.9 million for the first quarter of 2006. This is an increase of 17% on the same period last year.
Norwich Union International, Aviva’s Dublin-based offshore subsidiary, reports new business of €119.9 million for the first quarter of 2006. This is an increase of 17% on the same period last year.
Commenting on the fourth year of increasing new business, Clive Witter, managing director at Norwich Union International, said: "This quarter’s success is largely due to an increase in with-profit sales, boosted by the introduction of our Inflation Protected Guarantee. Providing money-back guarantees - plus inflation, at no extra cost to the investor, has seen an increase in both our International With-Profit and International Core Funds Bond’s sales.
“Our latest results can also be attributed to the recent launch of our new bond, Premier Portfolio. Now that we’ve expanded into the open architecture market, offering access to thousands of funds from the world’s leading investment managers, we expect to see interest in our products continue to rise during the course of the year."
-ends-
Press office contacts:
David Gwyer 01904 452828 Out of hours 07800 699508
Notes to Editors
Norwich Union is one of the biggest insurers. It is a leading provider of life, pensions and investment products and one of the largest Financial Adviser (FA) providers.
Norwich Union’s news releases and a selection of images are available from Aviva's internet press centre at www.aviva.com/media