Irish Life And Permanent
Irish Life and Permanent, Plc (ISE: ILB, LSE: IPM) (Irish: Cuideachta Bheatha na hÉireann) or IL&P is a provider of personal financial services in Ireland. IL&P enjoys limited liability.
The Group has over one million customers in Ireland. The chief executive of Irish Life & Permanent is Kevin Murphy, who succeeded Denis Casey in that capacity in May 2009. In March 2011 during the Irish banking crisis the bank was said to be in need of an external €4.0 billion bailout. This view is disputed by shareholders.
In February 2011 SEB (Skandinaviska Enskilda Banken AB) acquired Irish Life International Ltd (ILI), so it now operates under the corporate name SEB Life International Assurance Company Limited.
IL&P holds a minority interest in Allianz, the third largest general insurer (i.e. non-life assurance) in the Irish market.
Read more about Irish Life And Permanent: History & Background, Companies Within The Irish Life & Permanent Group
Famous quotes containing the words irish, life and/or permanent:
“Irish Americans are about as Irish as black Americans are African.”
—Bob Geldof (b. 1954)
“Under certain circumstances there are few hours in life more agreeable than the hour dedicated to the ceremony known as afternoon tea.”
—Henry James (1843–1916)
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
—Ernest Hemingway (1899–1961)