Insurance alliance for Banca Cambiano 1884, the first Bcc which became a joint stock company following the reform of cooperative credit and the integration of recent months with Banca AGCI. The Florentine bank, led by Francesco Bosio, which has 42 branches and branches not only in Florence and Tuscany but also in Turin, Bologna and Rome, recently reached an agreement with Pramerica Life, the insurance company of the American group Prudential Financial.
Banca Cambiano 1884 will offer its customers Pramerica Life insurance products which thus find a new banking channel especially in central Italy.
The agreement between Banca Cambiano 1884 and Pramerica Life initially envisages the launch of a single-premium whole-life policy which allows for the half-yearly revaluation of the insured capital based on the performance of the separately managed fund Pramerica Financial, which in the last six years recorded an average annualized gross return of 4,9%.
In the future, the agreement will allow Banca Cambiano 1884 to sell at its branches and to offer its customers other insurance products.
