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CGNU increase new business sales

The UK&#39s largest insurer CGNU has announced increased new business sales of 22 per cent since the start of this year.

Created this February by the merger of CGU and Norwich Union, the group&#39s total new UK business sales rose by 22 per cent to £5.5bn from £4.5bn in the preceding period.

UK sales soared by 21 per cent to £812m from £671m in annual premium equivalent terms.

Total world-wide long-term savings new business rose by 14 per cent to £9bn from £7.9bn.

CGNU group chief executive Bob Scott says: “The growth achieved during a period of merger integration demonstrates the strength of our products and the quality of our people.”

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