A 25-year pounds 50-a-month CGNU
mortgage endowment will pay pounds 52,576 following today's announcement, compared to pounds 59,444 last year, while a 20-year pounds 200-a-month pension is worth pounds 113,392 as opposed to pounds 120,978 12 months ago.
Back in the FTSE 100, the biggest risers were Friends Provident, up 11 3 /4p at 144 3 /4p, Old Mutual, up 7p at 93 1 /4p, CGNU
, up 36p at 527 1 /2p and Prudential, up 40p at 600p.
3bn on a similar basis as CGNU
posted better than expected overall figures.
The telecomms group Cable & Wireless Plc (C&W) and the UK insurer CGNU
Plc have signed a memorandum of understanding for a communications services contract.
said UK sales of pensions, which are branded Norwich Union, increased by 38pc to pounds 825m during the first quarter, boosted by stakeholder sales of pounds 201m - making the group the lead provider of the lowcost schemes, with a 20pc market share.
British insurer CGNU
plc highlight ed the inroads it was making in Italy and Spain when it announced first quarter results in early May.
Former group Chief Executive Officer of CGNU
1 million customers of two Norwich Union funds - CGNU
and Commercial Union Life.
Aviva, which takes in Norwich Union and was previously called CGNU
, said in a trading statement that its worldwide life and pensions sales rose by two per cent to pounds 2.
Elsewhere, insurance stocks were on the way up after a broker upgrade on CGNU
and Prudential boosted sentiment.
Finals: Solitaire Group, Superscape, Yorklyde AGMs: Access Plus, Bradford & Bingley, CGNU
, First Active, Hemscott, IQ-Ludorum, Pacific Assets, Syngenta Wednesday:
Victoria Seguros, Portuguese subsidiary of Germany's second insurance group Ergo, has signed a contract on the acquisition of Commercial Union Portugal from the British insurer CGNU
, according to a statement published by the two groups.