Irish Life acquires Ark Life and its 150,000 life policies for €230m

Irish Life said that any disruption for customers would be minimal because it already acts as an administrator for Ark Life
Irish Life acquires Ark Life and its 150,000 life policies for €230m

File Picture: iStock

Tue, 13 Jul, 2021 - 08:53
Eamon Quinn Business Editor

Irish Life - the largest life insurer in Ireland - has agreed to buy rival Ark Life for €230m, marking further consolidation in the financial services market.

The acquisition involves 150,000 policies and the transfer of €2.1bn of assets held by Ark Life.

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