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Britannic announces double boost


Britannic Assurance has announced pre-tax profits of £154.4bn for 1999.


It acquired Britannia Building Society&#39s asset management and life assurance business for £346m last year and says the deal had doubled the group&#39s customer base and funds under management to £19.5bn.


Britannic chief executive Brian Shaw says the group is planning to expand its salesforce and says the group still had “plenty of momentum” to grow further.

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