Property owners' teams join forces

Article date: 12 April 2001

Norwich Union's specialist property owners' teamshave joined forces in a dedicated unit at the company's FenchurchStreet offices in London.

Demonstrating the insurer's commitment to the property owners'market, the 30-strong team will focus on underwriting business forcommercial property owners, managing agents, pension fundportfolios and other clients. They will be supported by dedicatedproducts, systems and claims handling operations.

The new unit will result in real benefits for brokers andcustomers. David Cooper, manager of Norwich Union's propertyowners' team commented; "Brokers will benefit from a specialistoperation with tremendous depth of experience and expertise. Thecombined team will also give an enhanced service, with brokersbeing allocated dedicated staff with specialist knowledge of themarket to manage their accounts.

"Pooling our resources gives us a stronger base on which tofurther develop and grow our business. The new structure willenable us to better understand clients' requirements and we willcontinue to reflect these in innovative products andservices."

With premium income in excess of £200 million across the UK,Norwich Union is one of the leading insurers in the propertyowners' market.

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Press contact: Liz Nicholson on 08703 666 863.

Notes to editors

  • CGU plc and Norwich Union plc merged on 30 May 2000 to createCGNU plc, the UK's largest insurance group and one of the top-fiveinsurers in Europe with substantial positions in other marketsaround the world, making it the world's sixth largest insurerbased on gross worldwide premiums.
  • CGNU's principal business activities are long-term savings,fund management and general insurance, with worldwide premiumincome and retail investment sales from ongoing business of over£27 billion and assets under management of more than £210 billion(correct as at February 2001).
  • From October 2000, the combined life and pensions, generalinsurance and retail fund management businesses in the UK operateunder the Norwich Union brand, while the institutional investmentbusiness operates under the Morley Fund Management brand.
  • Norwich Union's news releases are available on the internet atwww.cgnu-group.com
  • From October 2000, the combined life and pensions, generalinsurance and retail fund management businesses in the UK operateunder the Norwich Union brand, while the institutional investmentbusiness operates under the Morley Fund Management brand.

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