subsidiary, Irish Life, completes acquisition of Ark Life WINNIPEG, MB, Nov. 1, 2021 /CNW/ - Irish Life has today completed its acquisition of Ark Life Assurance Company dac ("Ark Life") from ReAssure Limited, part of Phoenix Group Holdings plc., which it announced on July 13, 2021.
Ark Life is closed to new business, and manages a range of pensions, savings and protection policies for its customers in the Irish market. It has approximately 150,000 policies and €2.1 billion worth of assets.