Union Assurance enters into strategic partnership with NTB | Sunday Observer

Union Assurance enters into strategic partnership with NTB

The senior management of Union Assurance and Nations Trust Bank at the preferred partnership  agreement signing between two companies.
The senior management of Union Assurance and Nations Trust Bank at the preferred partnership agreement signing between two companies.

Union Assurance (UA) recently became the preferred partner for Nations Trust Bancassurance operations to strengthen its Bancassurance channel and to provide life insurance solutions to the extensive customer network of the Bank. Signing of the Memorandum of Understanding (MoU) was held at the Nations Trust Banks (NTB) Head Office in Colombo recently. Through this MoU, Union Assurance has expanded its reach and will make a positive impact in the lives of a wider group of individuals.

Mrs. Renuka Fernando, Chief Executive Officer of Nations Trust Bank, commenting on initiating the preferred partnership stated that “Nation Trust always looks to providing our customers with holistic financial solutions at every stage in their life cycle. We are happy to be partnering Union Assurance on this journey and are confident that together, we can meet the goals and aspirations of our valued clients.”

Dirk Pereira, Chief Executive Officer of Union Assurance PLC said, “As a pioneer in the bancassurance field, we constantly redefine our products and services to meet evolving customer needs. This strategic partnership with NTB will help us set new standards in the industry which will benefit both organisations and our respective customer bases.”

Nations Trust Bank is the very first bancassurance partner of Union Assurance. The operation which started in 2008 has grown to a major partnership that has made a positive impact on both organizations. The synergistic effect is expected to make strides in the bancassurance industry in years to come. 

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