Utmost Group completes the merger of its two Irish insurance entities

Utmost Group plc is pleased to announce that, following approval by the Irish and Guernsey Courts, a portfolio transfer of the assets and liabilities of Quilter International Ireland dac to Utmost PanEurope dac under Section 13 of the Irish Assurance Companies Act 1909 was implemented on 30 September 2022. This transfer had the effect of merging Utmost Group’s two Irish insurance entities in Utmost PanEurope dac.

The de-authorisation of Quilter International Ireland dac will be completed in the near future. Following de-authorisation, it is expected that the entity will be dissolved.

The merger of the Group’s two Irish insurance entities marks an important milestone in the integration of Quilter International into Utmost. The integration remains on track to complete within the 18-24 month timeframe set out at completion of the acquisition of Quilter International.