Life Company Consolidation Group (LCCG), announced its intention to acquire Aegon Ireland’s International investment bond business from Athora Holding Ltd (Athora). Athora recently completed the acquisition of Aegon Ireland plc from Aegon N.V. The acquisition will be effected through a Section 13 Transfer Scheme subject to the sanction of the Irish Court under which all policyholders and some employees will transfer to Utmost Ireland dac. This is expected to be completed by the end of 2018.
More details can be found within the Press Release.
The link for the Press Release is: http://lccgl.co.uk/wp-content/uploads/2018/04/Utmost-Announcement-Apr-2018.pdf
On 15 March 2018, the High Court of Ireland approved the transfer of the life assurance businesses of Augura Life Ireland, Union Heritage Life and Harcourt Life Assurance to Harcourt Life Ireland dac.
The transfers subsequently took effect on 31 March 2018.