The parent firm has made a total of eight business purchases so far under the Utmost brand.

Life Company Consolidation Group, which is parent of Isle of Man-headquartered Utmost Wealth Solutions, intends to buy Aegon Ireland’s international investment bond business from Athora Holding, a further acquisition move.

Athora recently completed the acquisition of Aegon Ireland plc from Aegon NV.

The portfolio comprises a range of single premium, open architecture, non-guaranteed unit-linked investment bonds distributed primarily through private banks and specialist IFAs to UK residents. In total there are more than €3 billion ($3.7 billion) of client assets across 7,000 policies.

Utmost Wealth Solutions existing business is, meanwhile, buying Generali PanEurope to create a €24 billion specialist wealth manager. Utmost has a near-term target of pushing above €30 billion in AuM.

The Aegon Ireland transaction is expected to be completed by the end of this year.

LCCG is a specialist life assurance group focusing on the international life market and managing in force policies. To date it has acquired eight businesses in Ireland and the Isle of Man under the Utmost Wealth Solutions brand. In addition, it has recently completed the acquisition of the business of Reliance Mutual Insurance Society, which will form the platform for further acquisitions of traditional books of life business in the UK under the Reliance Life brand. The business was founded in 2013 and is backed by funds managed by New York-listed Oaktree Capital Management.