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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.
A 25-year pounds 50-a-month CGNU mortgage endowment will pay pounds 52,576 following the latest 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.
CAUTIOUS OUTLOOK: Richard Harvey, chief executive of the former CGNU, now Aviva
Sales in the company's core UK market rose 30% to pounds 1.3bn 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.
But Scotland's biggest insurance company, CGNU, said yesterday it had only "minimal" exposure.
British insurer CGNU plc highlight ed the inroads it was making in Italy and Spain when it announced first quarter results in early May.
IN this instance, 1.1 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 2.37 billion in 2002 on an annual premium equivalent basis - an industry standard measure used to iron out volatility.
Insurance firms were sharply lower, with Prudential down 32 1 /2p at 521 1 /2p and Aviva, the new name for CGNU, off 51 1 /2p at 443 1 /2p.
Insurance firms were sharply lower, with Prudential down 32.5p at 521.5p and Aviva, the new name for CGNU, off 51.5p at 443.5p.
Today's risers included insurance giants CGNU and Prudential, after a broker upgrade helped the stocks.
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