Financial firm scales down its operations

Financial services company IFG is to continue to reduce its involvement in the Irish insurance market as it focuses more so on its UK operations.

The company says it continues to explore options to divest its interest in the Irish market which is part of its non-core business.

Its goal of divesting non-core parts of the business and building a new management team during 2014 as part of its repositioning has been achieved, says chairman John Gallagher.