Definition of bancassurer in English:

bancassurer

noun

British
  • See bancassurance

    • ‘In his latest IL & P update, Murphy points out that the capital position of the bancassurer has improved because of the recovery in equity values, cost cutting, and asset disposals.’
    • ‘However, if bank employees are active centers of influence and refer warm leads to special advisors, production volumes can be very high and profitable to bancassurers.’
    • ‘It also downgraded Allianz, the €30.6 billion German financial bancassurer which owns Dresdner Bank.’
    • ‘Irish Life director Kieran McGowan has a 21 per cent paper profit after buying 5,000 shares in the bancassurer at the start of July.’
    • ‘Analysts expect that bancassurers such as Abbey National and Lloyds TSB will have to shore up their life divisions should markets fall further.’