Wesleyan reports 120% rise in general insurance sales
Wesleyan Assurance Society has reported a sharp rise in new sales of general insurance products, which rose 120% in 2008.
The mutual, which was founded in 1841 and offers its services to doctors, dentists, teachers and lawyers, says it plans to grow this area of its business further over the next five years and is therefore expanding its offices in Birmingham.
The insurer’s director of general insurance, Andrew D’Arcy, comments: “We have carried out comprehensive research among our niche market audiences and will be streamlining our products and services to match the needs of their busy professional lifestyles.”
Earlier this week, Wesleyan reported that it had received a Five Star Award in the latest Money Management individual pensions’ survey.
The accolade applies to the mutual’s single and regular contributions category for unit linked plans.
According to the survey, payouts on pensions invested in the Wesleyan Pension With Profits fund outperformed returns from building societies, the average tracker fund, the average balanced managed fund and the FTSE All Share and FTSE 100 over 5, 10, 15 and 20 years.
Category: Companies News, Insurance News
Visited 1921 times, 1 so far today
Comments (0)
Trackback URL | Comments RSS Feed
There are no comments yet. Why not be the first to speak your mind.