📈 Union Assurance Renews Strategic Bancassurance Partnership with Nations Trust Bank

Union Assurance PLC has officially renewed its exclusive bancassurance agreement with Nations Trust Bank PLC (NTB) to expand the distribution of its life insurance products across Sri Lanka. • Overall Deal Structure: The agreement was formally signed on 14 October 2026 following approval by Union Assurance's Board of Directors. The partnership is internally funded and extends an existing referral bancassurance arrangement where NTB refers customers directly to the insurer. • Market & Sector Focus: The agreement grants Union Assurance exclusive access to NTB's branch and distribution network. This allows the insurer to deliver customized life insurance solutions across the bank's growing client base. • Economic Context: Strengthens integration within Sri Lanka's financial services and banking sectors, leveraging existing distribution infrastructure to boost insurance penetration without external debt financing. _Note: Transaction details based on provisional company disclosure._