Union Assurance in partnership with Nations Trust Bank to continue Bancassurance Leadership in Sri Lanka

Union Assurance (UA) has extended its long-term partnership with Nations Trust Bank (NTB) for five more years, in a strategic move to enhance portfolio value and pave the way for sustainable business growth.

The signing took place on April 9^h between Union Assurance Chief Executive Officer Jude Gomes, and Nations Trust Bank Chief Executive Officer/ Director Priyantha Talwatte, UA said in a media release.

“We are honoured to extend this partnership with Nations Trust Bank. In our journey to provide services of exceptional quality and value, strategic partnerships have proved to be an absolute necessity, and it takes a collaborative effort to deliver exceptional services to customers and increase market penetration. We believe that Union Assurance’s partnership with Nations Trust Bank has been an example of how two organisations can come together and collaborate to satisfy the multiple needs of clients,” said UA Chief Executive Officer Jude Gomes.

Despite the unprecedented challenges posed by the COVID-19 pandemic in 2020, the UA and NTB partnership was able to deliver robust performance to maintain undisputed market leadership, and was recognized as Bancassurance Partnership of the Year at the Business Leadership Awards. 

"The signing of this partnership signifies the largest bancassurance strategic alliance in the financial industry and is indeed a true milestone for both NTB and UA. As the leader in the bancassurance offering, this is a natural next step for us at NTB in offering our valued customers holistic financial solutions with industry-leading customer service standards, and we look forward to working with UA continuing to provide the same quality services," said Priyantha Talwatte, Director/Chief Executive Officer, NTB.