New Ireland is delighted to announce an exclusive partnership arrangement with Legal and General to reinsure its annuity business. The Irish annuity market is seeing strong demand both from individuals retiring and from pension schemes and their corporate sponsors who are seeking to de-risk. This arrangement with Legal & General will allow New Ireland to grow its market share while managing the risks in its business appropriately.

Legal & General is one of the UK’s leading financial services companies and one of the UK’s top 50 companies in the FTSE 100 Index. This collaboration represents another valuable addition to New Ireland’s growing stable of international relationships, which includes State Street Global Advisors and Bank of New York Mellon, two of the biggest fund managers in the world.