Aviva to end DBS bancassurance relationship from end-2015

April 8, 2015 1:20 PM

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LONDON, April 8 (Reuters) - Aviva is quitting its bancassurance agreement with Singapore's DBS Bank Ltd at the end of 2015, citing high renewal costs that it said were neither "economically viable or justifiable" to shareholders.

The announcement on Wednesday marks the end a 14-year relationship that spearheaded the British insurer's expansion into Asia's thriving wealth and insurance sector.

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