Bancassurance 有望な 位置／汚点／見つけ出す for CGNU

By Paul Armstrong
Updated: 00:00 BST, 25 April 2002

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INSURANCE 巨大（な） CGNU, soon to be called to Aviva, has 報告（する）／憶測d a 10% rise in underlying sales to £629m for the first three months of this year. The result, which was at the lower end of market 期待s, 反映するd the 15% growth in sales of life and 年金 製品 s in Britain, taking the total to £339m.

But CGNU, which will 可決する・採択する its 議論の的になる new 指名する on 1 July, was held 支援する by its 業績／成果 on the Continent, where 全体にわたる sales rose just 6% to £220m.

Sales of life and 年金 製品s dropped 10% in フラン to £58m and were 18% lower in the Netherlands at £13m. The 人物／姿／数字s were also 攻撃する，衝突する by lacklustre ISA sales as the weak 株 market 誘発するd 投資家s to stay away from 公正，普通株主権-関係のある 製品s.

長，指導者 (n)役員／(a)執行力のある Richard Harvey said that sales from the group's いわゆる bancassurance 手はず／準備 had leapt 90% to £540m in the ４半期/4分の1. 'These results 論証する continued 勢い as we build on the strong 創立／基礎s laid in 2001,' he said.

Commerzbank 分析家 Roman Cizdyn, who had 予測（する） an underlying sales 人物／姿／数字 of £670m, said the group's bancassurance 取引，協定s, such as its 共同の 投機・賭ける with 王室の Bank of Scotland, would 耐える more fruit this year. 'CGNU is one of the best-placed life companies in the UK since it has 規模 and diverse 配当,' he said.

CGNU directors （機の）カム under 解雇する／砲火／射撃 from 株主s at the 保険会社's 最近の 年次の 会合 over 計画（する）s to 削除する the （株主への）配当 by 40% and change its 指名する to Aviva, which many believe will be 混乱させるd with bus company Arriva.

投資家s also 列d to complain about the group's 決定／判定勝ち（する） to 削減（する） the payout at the same time as awarding directors 重要な 支払う／賃金 rises.

CGNU's arch-競争相手 Prudential 元気づけるd the City last week with a better-than-推定する／予想するd rise of 26% in underlying sales for the first three months of the year. It overcame a 20% 落ちる in ISA sales with strong 需要・要求する for its withprofit 政策s, individual annuities and 年金s.