Norwich Union is planning to enter the offshore market with a range of long term investment products.
The announcement comes after it was granted a licence by the Irish Development Authority to establish an international financial services company based in Dublin.
The life office is aiming to launch a range of products within the first quarter of next year.
NU's managing director of international operations Tom Fraser says: "We are delighted to have been granted this licence. This will enable us to begin development of a range of savings and investment products in preparation for a full launch next year."