Sunday 22 April 2018

Veteran takes over at Irish Life

And the plum job at Irish Life goes to. . . Canada's Bill Kyle (right).

The veteran Canadian insurance man is coming to town as Great-West Life's appointee as group chief executive "designate" of Irish Life.

He'll take over from Irish Life lifer Kevin Murphy who is stepping down after no fewer than 42 years with the company.

Murphy's exit has been long expected. He put off retirement last year to help shepherd through Irish Life's sale out of state hands and into the arms of its new Canadian owner, which was finally agreed earlier this year after a two-year on-again off-again process.

At 34 years, his replacement has been with Great-West Lifeco almost as long as Murphy was at Irish Life.

The change at the top is the first real sign of Great-West's plans to integrate Irish Life after paying €1.3bn for the business last February.

Great-West already owns Canada Life here so the deal cements their new combined business in the top spot among Irish insurers.

Irish Independent

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