Aviva extends Spanish footprint with bancassurance partnership

Aviva has announced that it has entered into a bancassurance partnership with Spanish savings bank Caja de Granada.

Aviva said it expects the partnership to enhance its strong position in the Spanish long-term savings market where it is ranked fifth in life assurance.

Aviva Group executive director Tony Wyand said: "We are delighted to join with Caja de Granada in a partnership which strengthens both Aviva's position in Spanish bancassurance and our relationship with Unicaja.

"Aviva's expertise in long-term savings, both internationally and in Spain, combined with Caja de Granada's distribution capabilities affords an excellent opportunity to realise value for all the stakeholders."