IFG appoint Owens as executive director

IFG Group has announced that Gary Owens who was appointed chief executive officer of IFG Ireland in July 2007, has been co-opted as an executive director of the Company, effective immediately.

Mr Owens, aged 48, has fulfilled many senior roles in both the Life and General Insurance industries and has an excellent track record in building new and multi-distribution capabilities in the financial services industry.

He was Managing Director of Hibernian General Insurance Company until July 2003. He is currently Chairman of Athletics Ireland and on the Board of the Institute of Sport.

IFG has also revealed its interim results for the first half of 2007. The group has performed to expectation in the first six months of the year.

On the back of this the board has decided to pay an interim dividend of €1.16c (2006HY €1.05) per share subject to withholding tax at 20%.

The dividend, which represents an increase of 10% on the previous period, will be paid to qualifying shareholders on the Register at the close of business on November 16 2007. Dividend warrants will be posted on November 30 2007.