The sale of Aegon Ireland plc by Aegon Group to Athora Life Re Limited (a wholly owned subsidiary of Athora Holding Limited (Athora)) is now complete.
Athora, through its subsidiaries, is a specialist in the European life consolidation market. The purchase of Aegon Ireland is their second major acquisition after the former Delta Lloyd Lebensversicherung AG of Germany was bought in 2015, and now serves approximately 300,000 guarantee annuity and traditional life policyholders.
As a result of the sale, Athora has agreed to sell Aegon Ireland's non-guarantee business to Utmost Ireland DAC, a wholly-owned, Dublin-based subsidiary of Life Company Consolidation Group (LCCG). This transaction is subject to court approval. Additional investments into Wealth Management Portfolio bonds won't be accepted after 27 April 2018.
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