Royal London 360° has announced that over the first three months of the year, it's written a 50% increase in new business - worth £117 million - compared to the same period in 2010.
The Isle of Man-based offshore life company has also retained its ‘B+’ financial strength rating awarded by the specialist financial services consultancy firm, AKG – point out that no other offshore life company is rated higher.
AKG has also awarded Royal London 360° an additional star in its overall annual review rating, giving it four out of a possible five. Natalie Hall, Head of Marketing, says that its regular premium savings product, Quantum, and its single premium personalised portfolio bond range, were the two products that contributed most to the first quarter’s success.
“We expect the second quarter of 2011 and beyond to be buoyed by the recent launch of Oracle, an international single premium guided architecture investment bond – this is already proving to be very popular with IFAs and investors.” www.royallondon360.com
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