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Aviva, UBI Banca renew life insurance distribution partnership

Aviva and UBI Banca, a banking group in Italy, have renewed their strategic partnership in the life insurance sector until the end of 2015.

Aviva said that the contractual conditions of its current agreements with UBI Banca will be unchanged.

The partnership with UBI Banca involves the distribution of Aviva life insurance products through 1,151 branches of UBI Banca subsidiaries Banca Popolare Commercio and Industria, Banca Popolare di Bergamo, Banca Carime and Banca Popolare di Ancona.

Aviva Italy chief executive Andrea Battista said that the renewal of partnership with UBI Banca testifies to the soundness and effectiveness of agreements in the bancassurance field.

UBI Banca CEO of Victor Massiah said this agreement confirms the good performance of business with Aviva and the stability of industrial partnership, designed to supply products of high standing to customers