Friends Provident saw international new business fall by 4% in the first quarter, compared to the sa...
Friends Provident saw international new business fall by 4% in the first quarter, compared to the same period last year, its latest results have revealed. Total international business was down to £455m, compared to £475m in Q1 2006. Friends Provident International (FPI) was down 2% to £237m, while Lombard was down 7% to £237m. However, Rocco Sepe, managing director of international operations at Friends Provident, said the life company was still pleased with its performance. He said: "We are not glum about it. We had a very strong comparative from the first quarter of last year, where bot...
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