GamaLife to acquire Italian life and pensions back book of Zurich Insurance.

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.