On 30 November 2016, Harcourt Life acquired the entire share capital of Augura Life Ireland DAC (“Augura” or the “Company”) from the OneLife Group.
The Company will continue to be run on a stand-alone basis, to pursue the orderly run off of its business.
Augura Life Ireland dac was part of the OneLife Group and was incorporated in 1984 as Combined Life Assurance Company of Europe (“CLACE”). Its product offering in Ireland included unit-linked life and pension policies and non-linked whole of life policies. CLACE closed to new business in 1993. CLACE was acquired by the NPG Wealth Management Group (Luxembourg) now OneLife and the company changed its name to Augura Life Ireland (“ALI”).
As at 31 December 2016:
- The number of in-force policies - 3,023
- Net Assets held on behalf of policyholders - €74m
- The solvency coverage of the Company - 176%
- Total Assets - €84m
Solvency and Financial Conditions Report (SFCR) 2016
BOARD OF DIRECTORS
• William Finn
• Henry O’Sullivan
• Alan Foley
• Matt Coffey
• Tim Madigan
• Ian Maidens
• Paul Thompson
The Company is subject to the Central Bank of Ireland's Corporate Governance Requirements for Insurance Undertakings 2015.
Augura Life Ireland Designated Activity Company is regulated by the Central Bank of Ireland.
Registered in Ireland: No. 99454. Registered Office: Block 2, Harcourt Centre, Harcourt Street, Dublin 2.