Filed Under:Annuities, Fixed Indexed

New Ireland, Legal & General enter into partnership

Legal & General to reinsure New Ireland's annuity business

AP Images
AP Images

New Ireland Assurance and Legal & General have entered into an exclusive partnership where Legal & General will reinsure €136 million of New Ireland’s current annuity business as well as a proportion of its business to be written in the future.

The London-based multinational financial services company will cover annuities purchased by individuals as well as bulk annuities purchased by pension schemes for New Ireland Assurance component of the Bank of Ireland Group that provides life, pensions and investment solutions to individual and corporate clients.

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Nichole Morford

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