The firm said an office is due to open in the first quarter of next year. The unit, which will operate under the Swiss Life Private Placement arm, will target high net worth individuals in Ireland, a spokeswoman told WealthBriefing.

It recently opened an office in Dubai, where it is selling products including high-end life insurance. The products are also being sold through independent asset managers and private banks.

Swiss Life has offices in Switzerland, Singapore, Dubai, Liechtenstein and Dublin.