CBL Corporation [NZX: CBL] expects its European unit will be "an outperformer" this year as new programmes the insurer started last year in France and Scandinavia get going.
"Mexico, Scandinavia, Italy and France have been standouts for the group and we see strong growth in each of these markets in 2016 and out into the medium future," managing director Peter Harris told shareholders in Auckland at the company's first annual general meeting since listing on the NZX and ASX last year. Its CBL Europe unit is expected to grow strongly this year and next, with business that doesn't conflict with CBL Insurance's long-established European channels, he said.
CBL Price at posting:
$2.37 Sentiment: None Disclosure: Held
