08/10/2008 14:38
Universal Bank reached an agreement with Aspis Liberty Life on Tuesday.
According to an announcement released today, “Universal Bank Public Ltd has undertaken the exclusive disposal of the insurance products of Aspis Liberty Insurance Public Company Ltd via its branch network for the period of 7 years. The Contract concerns insurance products of the Life, Accidents and Medical Care sectors”.
“The signing of the Contract with Universal Bank Public Ltd put the foundations for cooperation with the Bank, creating synergies in the operations of the two Organizations. With the enforcement of the agreement, Aspis Liberty Life Insurance Public Company Ltd strengthens its network for the sale of its insurance products. The Company is expected to enrich its customs’ list, strengthening its turnover and restricting the cost of sale of its insurance products to the Bank’s customers. The agreement is subject to the Insurance Superintendent’s approval”, the announcement concluded.
According to an announcement released today, “Universal Bank Public Ltd has undertaken the exclusive disposal of the insurance products of Aspis Liberty Insurance Public Company Ltd via its branch network for the period of 7 years. The Contract concerns insurance products of the Life, Accidents and Medical Care sectors”.
“The signing of the Contract with Universal Bank Public Ltd put the foundations for cooperation with the Bank, creating synergies in the operations of the two Organizations. With the enforcement of the agreement, Aspis Liberty Life Insurance Public Company Ltd strengthens its network for the sale of its insurance products. The Company is expected to enrich its customs’ list, strengthening its turnover and restricting the cost of sale of its insurance products to the Bank’s customers. The agreement is subject to the Insurance Superintendent’s approval”, the announcement concluded.
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