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Offshore sales rise by 23 per cent

The Association of International Life Offices has seen buoyant offshore figures in single and regular-premium new business for 2004, with total offshore life sales up by 23 per cent last year compared with 2003. Total worldwide life business was 8.3bn compared with 6.8bn in 2003. Worldwide single-premium sales rose by 19 per cent while regular-premium business was up by 30 per cent.

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