Anglo Irish Bank Launches New Assurance Company
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Anglo Irish Bank is pleased to announce that following approval in principle received last December from the Department of Enterprise, Trade and Employment, the Bank has now received a full licence to operate its own assurance company. Consequently, the Bank today (Friday 19th January 2001) announces the launch of Anglo Irish Assurance Company which will provide a bespoke service to customers with a range of personal, corporate and retirement investment solutions.
The new company, headed up by Anton Davies, Managing Director, will provide a unique range of high value, flexible financial services for pre and post retirement and for personal and corporate investments.
Anglo Irish Assurance’s products are flexible, offering customers 24 hour access to their investments, the option of free fund switching, fixed price charging, access to internal and external fund managers and control of their own personal portfolios. Access and flexibility are key to Anglo’s offering and will be maximised through the company’s interactive website: www.aiac.ie which will enable customers to track the progress of their investments, 24 hours a day, seven days a week. Whereas the website will be available from Monday 22nd January, the interactive aspect of the website will be fully functional from mid March.
Commenting on today’s announcement, Anton Davies, said: “Anglo Irish Assurance is the first to market with this unique personal finance offering. For too long, people invested money into pension plans and investment related products and then forgot about them. We offer our customers tailored solutions to suit their needs and our range of investment services encourages the customer to stay involved in their investment and enables them to change their portfolio as and when they want. This clearly differentiates Anglo Irish Assurance from other players in the market.”
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“Anglo Irish Assurance shares the culture of Anglo Irish Bank, specialising in superior customer service and strong relationships. The specific products of Anglo Irish Assurance will be marketed under the “Elect” brand. Unlike typical bancassurers, we will distribute our products and services in partnership with a select group of independent financial advisers.”
Commenting on the launch today, Tiarnan O Mahoney, Director, Anglo Irish Bank, said: “The addition of an assurance company to Anglo Irish Bank’s business means that the Group can now offer a much wider range of tailored financial services to our customers, in the same style and manner that has made us successful to date, namely relationship building and providing an unmatched quality of service, in a focussed manner to well defined niche markets.”
Anglo Irish Assurance will be based at Heritage House on St. Stephen’s Green. Customers wishing to enquire about the services of Anglo Irish Assurance should telephone 01 6162000 or access the company’s website: www.aiac.ie
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For information, contact:
Mary Nolan/Anton Davies, Anglo Irish Bank/Anglo Irish Assurance Tel: 01 6162000.
Johanna Cassells/Trish Morrissey,
Drury Communications Ltd.
Tel: 01 2605000.
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19 January 2001
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