bancassurer

/ ˈbæŋkəˌʃʊərə /

noun

1. a bank that sells insurance products

Example Sentences

Other charges relate to a temporary deposit of 7.2 billion euros by former bancassurer Irish Life & Permanent into Anglo shortly before the end of the bank's financial year.

From Reuters

Jan Hommen the outgoing CEO of Dutch bancassurer ING has criticized the model combining insurance and banking, saying that his company had been "too big to manage" France is stepping up efforts to trace the illegally funded French assets of foreign leaders after Syrian president, Bashir al-Assad's uncle was accused of having properties amassed through illegal means in France.

From Reuters

In its 2012 annual report, Dutch bancassurer ING said a 1 percent rise in interest rates would reduce its net present value by 2.14 billion euros.

From Reuters

ING is dismantling its once-fashionable bancassurer model after it had to be bailed out by the state in 2008, divesting insurance and investment management and other assets through disposals or stock market listings as it prepares to repay the state and bolster its capital.

From Reuters

ING is dismantling its once-fashionable bancassurer model after the 2008 bailout, divesting insurance and investment management and other assets through disposals or stock market listings as it prepares to repay the aid.

From Reuters