Guy Carp and Lucida close €100m annuity transaction
Reinsurance broker Guy Carpenter has announced the completion of a multi-year annuity reinsurance transaction for Bank of Ireland Life, the life assurance arm of the Bank of Ireland Group.
The transaction reinsures over €100m of Bank of Ireland Life's existing book of annuity business, and also a significant share of future annuities sold by the Irish company, estimated to be worth a
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