NUI 2004 business up 50% on previous year

Norwich Union International (NUI), the offshore insurance arm of Aviva, increased its levels of new business by 50% in 2004 to E346.6m. The Dublin-based insurer said that its business has doubled since 2002. Aviva Funds International enjoyed an increase in sales last year as well. New business rose from £49m in 2003 to £254m in 2004. In a statement to the UK stock exchange, Aviva said the growth was due to "improved investor sentiment and further development of the broker relationships and distribution channels, including sales through the Italian representative office set up in 2003". T...