Editing Permanent TSB (section)

===Irish Life Assurance===
Irish Life was a [[life assurance]] company created in 1939 with state assistance and concentrated on [[life assurance]] and investment products.<ref name=life>{{cite book|url=https://books.google.com/books?id=VjHbtzEKBtIC&q=Irish+Life+Assurance+1939&pg=PA573|title=Handbook of International Insurance: Between Global Dynamics and Local Contingencies |first=David|last=Cummings|year=2007|publisher=Springer|page=573|isbn= 978-0387341620}}</ref>

* The City of Dublin Assurance Company
* the Irish Life and General Assurance Company
* the Irish National Assurance Company
* the Munster and Leinster Assurance Company
were amalgamated.<ref name=life/>

Later some British companies shed their Irish operations, and merged them into this new company. They were:<ref name=life/>

* the [[Prudential plc|Prudential]]
* the [[Resolution plc|Britannic]]
* the [[Liverpool Victoria|Liverpool Victoria Friendly Society]]
* the [[Phoenix Group (company)|Pearl]]
* the [[Refuge Assurance Company|Refuge]]

Shares in the business were sold to the public in July 1991.<ref name=life/> In 1965 Irish Life entered the UK market and competed against its former parent, initially under its own name.<ref name=life/>

In 1999, Irish Life Assurance plc and the Irish Permanent Building Society merged to form the Irish Life and Permanent Group.<ref name=history/> In March 2012, Irish Life Assurance was sold to the Irish State for €1.3 billion as part of a bank recapitalisation programme following the [[Post-2008 Irish economic downturn|Irish financial crisis]].<ref>{{cite news|title=Government buys Irish Life for €1.3 billion|url=http://www.rte.ie/news/business/2012/0328/315373-government-buys-irish-life-for-1-3-billion/|publisher=RTÉ|date=29 March 2012|access-date=29 January 2016}}</ref>