Bank of Ireland Life sets benchmark as sales surge 43% to €139.6m

BANK of Ireland’s life and pensions arm set a high benchmark for rivals yesterday when it announced a 43% surge in sales in the first six months of the year.

Bank of Ireland Life sets benchmark as sales surge 43% to €139.6m

Bank of Ireland Life, which includes New Ireland Assurance, estimated its share of the life and pensions market had risen from 21% to 24% during the half year. It generated new business worth €139.6 million, up from €97.7m in the first half of 2003.

Managing director Brian Forrester said the division had outperformed the market in all its major lines of business, which include savings and investments, pensions and Personal Retirement Savings Accounts (PRSAs) and mortgage protection.

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