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Canada Life Europe's Declan Bolger promoted to be new Irish Life chief

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Declan Bolger is new CEO

Declan Bolger is new CEO

Declan Bolger is new CEO

DECLAN Bolger will become the new chief executive of Irish Life as the current CEO, David Harney, gains a promotion at parent Great-West Lifeco.

Mr Bolger is currently chief executive of Canada Life Europe, a Great-West Lifeco subsidiary he helped found in 2000.

As its CEO for the past decade, Mr Bolger is credited with doubling the firm's client base in Germany to more than 500,000.

"Working with the Canada Life Europe team over the last 20 years has been a great honour," he said. "Canada Life is now established as one of the leading brands in the German broker life market with great prospects to grow further."

Mr Harney, CEO of Irish Life since February 2016, will become president and chief operating officer of Great-West Lifeco's European operations, overseeing the UK, Ireland and Germany.

"We are very proud of our market-leading position in Ireland working to help people build better futures," Mr Harney said. "Our parent, Great-West Lifeco, continues to invest substantially in Dublin and the Irish market, where we see significant growth potential."

He succeeds Arshil Jamal, who is becoming Great-West Lifeco's president and group head for strategy, investments, reinsurance and corporate development.

"Through their vision and dedication, both David and Declan have delivered not just commercial success but have built thriving teams that are ready for the next stage of our growth in Ireland and Germany," said Paul Mahon, president and CEO of Great-West Lifeco.

Irish Life said the moves would require a transition period for regulatory approvals and appointment of Mr Bolger's successor.

Irish Independent