Great-West Lifeco Inc. today announced that its European subsidiary, Canada Life Group, has completed its previously announced acquisition of Legal & General International (Ireland) Limited (LGII). Terms of the transaction were not disclosed.
Launched in 2007, LGII was a subsidiary of the Legal & General Group Plc and is based in Dublin, Ireland, a country with a leading international financial services centre. LGII provides quality investment and wealth management solutions, primarily focused on the UK high net worth market and has over 4,300 UK investment bond policies with assets under administration of £2.7bn (as at 31 March 2015).
LGII will now trade as Canada Life International Assurance (Ireland) (CLIAI).