Announced
Financials
Sources
Tags
Cross Border
Switzerland
Majority
Single Bidder
Private
Acquisition
insurance
Friendly
Full Line Insurance
Pending
Synopsis
GamaLife, a life and wealth consolidation platform, agreed to acquire Italian life and pensions back book of Zurich Insurance, an insurance company. Financial terms are not disclosed. “Together with Zurich, we believe this transaction represents strong strategic alignment between GamaLife’s focus on sustainable growth and Zurich’s intention to exit legacy business in Italy. We look forward to welcoming Zurich’s customers. Our focus will be to ensure a seamless transition for all local stakeholders and to bring our values of innovation, simplicity and service across the enlarged GamaLife group,” Matteo Castelvetri, GamaLife CEO.
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