Athora Holding Ltd. Completes Sale of Offshore Bond Portfolio to subsidiary of Life Company Consolidation Group (LCCG)

PEMBROKE, Bermuda - Athora Holding Ltd. (together with its subsidiaries, “Athora” or the “Company”) has completed the sale of the entirety of the offshore bond portfolio of its wholly owned subsidiary, Athora Ireland plc, to Utmost Ireland DAC, a wholly owned, Dublin-based subsidiary of Life Company Consolidation Group (“LCCG”) (the “Sale”). The offshore bond portfolio represents approximately £3 billion of assets under management for approximately 7,000 UK-based customers. Terms of the Sale, which was first announced in April 2018, were not disclosed.

The sale of the UK offshore bond portfolio does not affect Athora Ireland’s portfolio of variable annuity (guarantee) products. Athora will continue to guarantee and reinsure these variable annuity (guarantee) products to some 14,000 existing customers in France, Germany, The Netherlands and the UK on a closed-book basis.

Offshore bond policyholders and their advisers can contact Utmost Customer Service with any questions or queries from the 2nd January 2019 using the following details:

  • Customer Service Helpline: 0845 602 92 81
  • Customer Service Helpline (if ringing from outside the UK):  +44 845-6029281
  • E-mail Address:
  • Address: Utmost Ireland, Ashford House, Tara Street, Dublin 2, D02 VX67, Ireland.