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Royal London bolsters Irish business as Brexit looms

Royal London bolsters Irish business as Brexit looms

Royal London bolsters Irish business as Brexit looms In what seems to be a part of its preparations for Brexit, British insurer Royal London has strengthened its Irish business with the appointment of a new senior executive.
 
Alex Koslowski, the insurer’s head of customer proposition in the UK, has been named as the new managing director of Royal London Ireland.
 
He replaces Jon Glen, who has taken up a new senior role in the company’s group operations unit in the UK.
 
Koslowski said Glen and his team have built a “strong” proposition and have grown Royal London Ireland’s market share to “record levels.”
 
“It’s been fantastic to see how brokers have responded so positively to these developments, which have helped grow Royal London Ireland’s new business and revenue levels,” Koslowski said.
 
“At the moment, my main aims are to build upon the product and service enhancements that have been achieved so far, for both brokers and their customers, and then to lead the exploration of new strategic options and market opportunities.”
 
Royal London said Koslowski’s appointment reflects the strength of its Irish business, which helped drive the company’s growth in 2015.
 
“Over the last three years we have been delighted with the growth of our life assurance business in Ireland and we are now a major player in this sector,” said Royal London group chief executive Phil Loney.
 
As the UK prepares for its departure from the European Union, Loney said the company will stay committed to Ireland’s market and will continue investing in the growth of its business there.
 
“Following the EU referendum in the UK we have entered a period of uncertainty and short-term market turmoil. Ireland remains in the EU and remains an attractive market for Royal London,” he said.
 
 
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