IL&P subsidiary sells for €26m
Irish Life International (ILI), which generated a post-tax profit, in 2009, of €1.1m and has gross assets worth €1.73bn — sells life assurance and investment products throughout the European market, via an international network of introducers and tied agents. It currently has assets under management and premium income of around €2bn and €370m, respectively.
The business is not a core element of the wider IL&P group and its disposal is consistent with the group’s strategic focus on the Irish market.
