Norwich Union International, Aviva’s Dublin-based offshore subsidiary, reports new business of €240 million for the first half of 2006.
Norwich Union International, Aviva’s Dublin-based offshore subsidiary, reports new business of €240 million for the first half of 2006. This is an increase of 17% on the same period last year.
Commenting on the figures, Paul Sherlin, marketing director at Norwich Union International, said: "This 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, is a market leading offering and we are delighted by the response we have received from distribution partners and investors.
“We are also seeing a steady increase in sales through our new open architecture bond, Premier Portfolio. This is particularly pleasing given the uncertainty in the market following the UK Budget. Our plan is to drive these sales up substantially and we have a number of product enhancements in development that we expect to announce shortly.”
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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.
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