Aviva and UBI Banca Group renew life insurance distribution partnership

Aviva and UBI Banca, the fifth largest banking group in Italy, today announce the renewal of their strategic partnership in the life insurance sector until the end of 2015. The contractual conditions of Aviva’s current agreements with UBI Banca will be unchanged.

Aviva’s partnership with UBI Banca involves the distribution of Aviva life insurance products through 1,151 branches of UBI Banca subsidiaries Banca Popolare Commercio and Industria, Banca Popolare di Bergamo, Banca Carime and Banca Popolare di Ancona.

Andrea Battista, chief executive of Aviva Italy, said: “The renewal of our partnership with UBI Banca testifies to the soundness and effectiveness of our agreements in the bancassurance field, together with our desire both to strengthen and to develop further our relations with UBI Banca Group”

Victor Massiah, the chief executive officer of UBI Banca, said: “This agreement confirms the good performance of our business with Aviva and the stability of our industrial partnership, designed to supply products of high standing to our customers”.

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Media
Andrew Reid, head of group media relations:+44 (0)20 7662 3131

Notes to editors:
Aviva is the world’s sixth largest* insurance group, serving 53 million customers across Europe, North America and Asia Pacific.

Aviva's main business activities are long-term savings, fund management and general insurance, with worldwide total sales of £45.1 billion and funds under management of £379 billion at 31 December 2009.

We are the largest insurance services provider in the UK and one of the leading providers of life and pensions products in Europe.

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*based on gross worldwide premiums at 31 December 2009