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:
“For every nineteenth-century middle-class family that protected its wife and child within the family circle, there was an Irish or a German girl scrubbing floors in that home, a Welsh boy mining coal to keep the home-baked goodies warm, a black girl doing the family laundry, a black mother and child picking cotton to be made into clothes for the family, and a Jewish or an Italian daughter in a sweatshop making “ladies” dresses or artificial flowers for the family to purchase.”
—Stephanie Coontz (20th century)
“A thoroughbred business man cannot enter heartily upon the business of life without first looking into his accounts.”
—Henry David Thoreau (1817–1862)
“Universal suffrage should rest upon universal education. To this end, liberal and permanent provision should be made for the support of free schools by the State governments, and, if need be, supplemented by legitimate aid from national authority.”
—Rutherford Birchard Hayes (1822–1893)