The UK arm of Zurich Financial Services posts a 17% increase in new business of life insurance to £563m.

The insurer, which owns Allied Dunbar and Eagle Star, increased total life insurance and investment new premiums by 25% to £3.3bn, driven by strong sales performances in both its main distribution channels.

Sales through its network of independent financial advisers grew 22% to £221m on an annual premium equivalent basis, and there was a 15% increase in sales to £304m through the Allied Dunbar salesforce.