Irish Life Group completed the acquisition of Ark Life Assurance from Phoenix Group for €230m.

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.