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ARTICLE · 10 DECEMBER 2012

Transfers Of Insurance Portfolios

Dillon Eustace
Dillon Eustace
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Dillon Eustace

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The last two years have seen an increasing number of insurance portfolio transfers in the domestic and cross-border sectors of the Irish insurance industry with the drivers for this activity principally being domestic or international M&A activity, group re-organisations and a number of closures

IrelandInsurance
Dillon Eustace
Dillon Eustace
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Introduction

The last two years have seen an increasing number of insurance portfolio transfers in the domestic and cross-border sectors of the Irish insurance industry with the drivers for this activity principally being domestic or international M&A activity, group re-organisations and a number of closures.

Evidence of this trend can be found in the notices relating to portfolio transfers regularly appearing in the newspapers, in Iris Oifigiúil and by examining the High Court list with recent examples including those involving Quinn Insurance (to Liberty), Canada Life (inter group), Quinn-Life Direct (to Irish Life), Combined Insurance Company of Europe (to ACE) and Old Mutual (to Skandia – inter group).

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