International Financial Group Limited (IFGL) is pleased to announce that it has agreed a deal to acquire Octium Group, a Dublin-based unit-linked life insurance provider. The transaction represents a significant milestone in IFGLโs strategy to expand and enhance its presence across Europe.
Octium, formerly UBS International Life DAC, has EUR 8.5 billion in assets under management. The business serves affluent, highโnetโworth and ultraโhighโnetโworth clients and holds a Central Bank of Ireland licence that enables distribution throughout the EU/EEA, providing IFGL with a strengthened regulatory platform in a region central to the Groupโs longโterm growth plans.
Operations will continue under the leadership of current CEO Dara Hurley.
IFGL CEO Rob Allen said: โThis acquisition represents an important step in IFGLโs strategic growth across Europe. โOctium Group brings a highโquality customer franchise, deep expertise in the affluent and highโnetโworth market, and a valuable regulatory platform through its Central Bank of Ireland licence.
โBy combining Octiumโs strengths with IFGLโs longโterm focus and stability, we are enhancing our ability to serve customers across the EU/EEA and significantly expanding our presence in a key region for the Group.โ
Dara Hurley, Octium CEO, said: โThis transaction represents a strong endorsement of the platform we have built and the strategic direction we are pursuing. Becoming part of IFGL provides Octium with enhanced scale, capital strength and international reach, creating a powerful foundation for our next phase of growth.
โIFGLโs global presence, product breadth and experience in building international platforms will enable us to accelerate expansion, broaden our offering and access new markets, while continuing to deliver high-quality, compliant solutions to our clients. We are excited about the opportunities created from joining the IFGL family and are confident that it positions Octium to deliver sustained growth and long-term value for our clients and partners.โ The transaction is subject to regulatory approvals and is expected to be completed later this year.
