SEB Life has acquired Irish Life International Ltd, ILI, from Irish Life & Permanent Group Holdings plc. ILI’s core business is European distribution of insurance based investment products. Assets under management and premium income amounts to approximately 2 billion and 370 million euro respectively.
”We will improve our position as a provider of sophisticated investment solutions in Sweden and Finland, whilst enabling us to reach out to European customers with our portfolio bond product. The acquisition provides us access to a large European distribution network,” says Peter Nilsson, Head of SEB Life & Pension International.