SEB bags Irish Life International

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,” said Peter Nilsson, head of SEB Life & Pension International

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