Aviva renews Italian bancassurance partnership
by Gill Montia
Story link: Aviva renews Italian bancassurance partnership
Aviva and UBI Banca, Italy’s fifth-largest bank, have renewed their strategic partnership in the life insurance sector, until the end of 2015.
Terms of the agreement are unchanged and involve 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.
Commenting on the renewal, Aviva’s chief executive Italy, Andrea Battista, says it testifies to the “soundness and effectiveness” of the insurer’s agreements in the bancassurance field.
UBI’s chief executive officer, Victor Massiah, adds: “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”.