On 9 March 2017, Harcourt Life acquired the entire share capital of Union Heritage Life Assurance Company dac (“UHL”) from American Income Life Insurance Company (part of Torchmark Corporation group).
The company continues to be run on a stand-alone basis, to pursue the orderly run off of its business.
UHL was incoporated in January 2011 and is regulated by the Central Bank of Ireland as a life assurance undertaking. Its business consists primarily of domestic whole of life term assurance products.
UHL closed to new business in February 2015 but continues to meet its contractual and regulatory obligations for existing policyholders.
As at 31 December 2016:
- The number of in-force policies – 220
- The solvency coverage of the Company – 128%
- Total Assets – €6.24m
BOARD OF DIRECTORS
|Henry O’Sullivan||Chief Executive|
|Matt Coffey||Independent Non-Executive|
|Tim Madigan||Independent Non-Executive|
|Alan Foley||Executive Director|
The Company is subject to the Central Bank of Ireland’s Corporate Governance Requirements for Insurance Undertakings 2015.
Union Heritage Life Assurance Company Designated Activity Company is regulated by the Central Bank of Ireland. Registered in Ireland: No. 494091
Registered Office: Block 2, Harcourt Centre, Harcourt Street, Dublin 2