Announced
Completed
Financials
Tags
Friendly
Single Bidder
Majority
pensions assets
Acquisition
Life Insurance
Private
Ireland
Cross Border
Completed
Synopsis
Irish Life Group, a provider of life insurance, pension, savings and investment plans to personal and small business customers, completed the acquisition of Ark Life Assurance, an insurance company, from Phoenix Group, a UK-based provider of insurance services, for €230m. ($273m). "Our ambition is to grow our business both organically and through acquisitions where we see a strong commercial and cultural fit. Our existing relationship with Ark Life means we are ideally placed to continue to offer excellent customer service for policyholders, including access to enhanced digital services," Declan Bolger, Irish Life Group CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.