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Announced

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Athora acquired Aegon Ireland for £154m.

Synopsis

Athora, a specialist solutions provider in the European insurance market, acquired Aegon Ireland, a Dublin-based insurer, for £154m. “We see significant opportunities with Aegon Ireland. This acquisition gives us a strong platform to accumulate Irish annuities, to create a reinsurance hub in Europe, and to provide services to all Athora group companies including our existing German operations. A presence in Ireland has been part of our strategy from the beginning and Aegon Ireland is a perfect fit for our growth plans,” noted Deepak Rajan, Executive Vice President at Athora.

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