Compare Rates and Save 50% or more
The Nation's Top Insurance Providers
Quotes are FREE with No Obligation
Protect Your Family
No Waiting, Get Quotes Quickly!
 

Irish Life Insurance



ILP chief highlights positive news as losses increase tenfold Irish Independent

01.09.11

LOSSES at Irish Life & Permanent jumped more than tenfold in the first half of the year, as the plc was hit by rapidly accelerating mortgage impairments and higher guarantee costs at its banking unit.

But chief executive Kevin Murphy insisted there was some "positive news", citing an improvement in the bank's crucial net interest margin, the acquisition of €2.65bn of deposits and a €763m gain on bond buybacks.

IL&P has also just raised £1.4bn of unguaranteed funding secured against its soon-to-be sold UK portfolio and is hoping to complete another £1bn transaction later this year.

The detail of yesterday's half-year results shows banking unit Permanent TSB suffered loan impairments of €333m, more than double the €150m taken in the same period for 2010.

Provisions

IL&P finance boss David McCarthy insisted his bank hadn't been "behind the curve" in provisioning for future losses, while Mr Murphy attributed the 2011 hit to rising levels of mortgage arrears and falling house prices.

Source:

bIrish Life/b amp; Permanent Plc - Trainee Actuary (Permanent, Full Time b.../b

IPSI is a member company of Irish Life & Permanent plc, which is one of Ireland’s leading financial institutions. Since it’s formation in 1998, IPSI has become one of Europe’s leading providers of third party services to the life assurance industry.  Currently IPSI has 8 live clients who retail life assurance products through banks, brokers, sales networks and over the Internet in many European countries.  Our ambition is to continue our growth by continuing to offer excellent service to our existing clients, by acquiring new clients and by extending the range of services on offer.  We are currently seeking applications from suitably qualified candidates for the position of Trainee Actuary .
The Job:
Our Trainee Scheme allows for practical on the job training while you progress through your professional exams.  IPSI offers a generous study scheme, including paid study leave, tutorials and course material.
Responsibilities will include:
• To develop a thorough understanding of all aspects of insurance products and the European insurance market.
• To understand system functionality for differing clients.
• To liaise with client companies and analyse their business requirements and to assist in the design and development of appropriate solutions.
• To produce customer estimates for enhancements or new development.
• To outline high-level approach for the design of new features.
• To liaise with the appropriate members of the project business groups with specific regard to changes to the system or existing business procedures.
• To support the administration and systems departments with the development of appropriate business solutions.
• To support and sign-off business analysis and system design of all product changes.
• To undertake any special tasks or projects that arise.
The Person:
The...

Read more...

(Car Insurance Quotes Comparison Ireland) - Find Your Quote

www.CarInsuranceInfoSite.com (car insurance quotes comparison ireland) Cheap Car Insurance Quote Comparison, Young, Women amp; Over 25#39;s ...