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AIB and Great-West Lifeco inject €250m into new joint venture business AIB Life

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The new company will offer a range of life protection, pension and investment products exclusively to AIB’s more than 3 million customers in Ireland

AIB Life, a joint venture business between AIB and Canadian firm Great-West Lifeco, officially launched on Tuesday with both partners injecting €250 million into the new entity.

The new business, which will offer life protection, pension and investment products to the Irish market, will create 100 new jobs across a range of roles, including customer service, technology, finance, compliance, risk and actuary. AIB Life will be located out of two primary locations, AIB’s Central Park ...

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AIB Life joint venture launches, backed by investment of €250mOriginal figure stood at €180 million when venture was announced two years ago via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »