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:
“I hope you will not be washed away by the Irish sea.”
—Henry David Thoreau (1817–1862)
“Like children, the elders are a burden. But unlike children, they offer no hope or promise. They are a weight and an encumbrance and a mirror of our own mortality. It takes a person of great heart to see past this fact and to see the wisdom the elders have to offer, and so serve them out of gratitude for the life they have passed on to us.”
—Kent Nerburn (20th century)
“The generations of men run on in the tide of time,
But leave their destined lineaments permanent for ever & ever.”
—William Blake (1757–1827)