PRINCIPAL ACTIVITY

The principal activity of Harcourt Life Assurance Designated Activity Company (the “Company”) is the provision of investment oriented life assurance and pension products to individuals in Ireland through the management of its existing business and the identification of expansion opportunities through acquisitions. The Company is closed to new business and continues to pursue the orderly run off of its business.

Whilst the Company is closed to new business, its contractual and regulatory obligations continue to be met in full and existing policyholders are unaffected.

Harcourt Life commenced writing business in Ireland in January 2001. Its business consists mainly of personal and collective portfolio bond products. These portfolio bonds include investments in property, bond, equity and cash assets.

As at 31 December 2016:

  • The number of in-force policies – 1,297
  • Net Assets held on behalf of policyholders – €95.5m
  • The solvency coverage of the Company – 436%
  • Total Assets – €255m

Harcourt Life Financial Statements (Y/E 2016) PDF
Harcourt Life Cautionary Statements regarding SFCRs for year-ended 31 December 2016 PDF
Harcourt Life Assurance SFCR 2016 PDF

BOARD OF DIRECTORS

William Finn Chairman
Alan Foley Chief Executive
Matt Coffey Independent Non-Executive
Tim Madigan Independent Non-Executive
Ian Maidens Non-Executive
Henry O’Sullivan Finance Director
Paul Thompson Non-Executive

 

The Company is subject to the Central Bank of Ireland’s Corporate Governance Requirements for Insurance Undertakings 2015.

Harcourt Life Assurance Designated Activity Company is regulated by the Central Bank of Ireland. Registered in Ireland: No. 336075

Registered Office: Block 2, Harcourt Centre, Harcourt Street, Dublin 2