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:
“The next forenoon we went to Oldtown.... The Indian is said to cultivate the vices rather than the virtues of the white man. Yet this village was cleaner than I expected, far cleaner than such Irish villages as I have seen.”
—Henry David Thoreau (1817–1862)
“If Mr. Vincent Price were to be co-starred with Miss Bette Davis in a story by Mr. Edgar Allan Poe directed by Mr. Roger Corman, it could not fully express the pent-up violence and depravity of a single day in the life of the average family.”
—Quentin Crisp (b. 1908)
“Cynicism makes things worse than they are in that it makes permanent the current condition, leaving us with no hope of transcending it. Idealism refuses to confront reality as it is but overlays it with sentimentality. What cynicism and idealism share in common is an acceptance of reality as it is but with a bad conscience.”
—Richard Stivers, U.S. sociologist, educator. The Culture of Cynicism: American Morality in Decline, ch. 1, Blackwell (1994)