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Dublin: 13 °C Saturday 11 July, 2020

Irish Life agrees deal to buy Quinn Life Direct policies

Irish Life said it expects the deal to be completed by the end of 2012, subject to the necessary approvals.

File photo of the Irish Life building in Dublin.
File photo of the Irish Life building in Dublin.
Image: Julien Behal/PA Wire

IRISH LIFE Assurance has bought the majority of Quinn Life Direct’s life assurance and pension book which comprises 5,000 policies.

The full details of the deal have not been released.

In a statement, Irish Life said that it expects the sale to be completed by the end of this year, “subject to the receipt of all necessary regulatory and court approvals”.

Quinn Life Direct is to contact the relevant policyholders to inform them of the details of the proposed transfer of policies to Irish Life Assurance including the dates involved and the timeframe for the transfer’s implementation.

Irish Life says it will write to them following the proposed transfer.

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