Euro and dollar classes will be added to NUI's With-Profit Bond

Professional Adviser
clock

Norwich union int'l shows strong first quarter sales ' 7% up on previous year's figures

Norwich Union International has added euro and dollar classes to its With-Profit Bond on the back of strong sales in the first quarter of this year. The company reported sales of e35.7m for the first quarter, which is 7% higher than sales over the same period last year. These sales include e10.6m from the offshore company's with-profit business which is reinsured back to parent Norwich Union. 'Our new business figures are ahead of 2002, despite a difficult first quarter globally,' said Clive Witter, managing director of the Dublin-based life company, which entered the international w...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •