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New Deal


Announced

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

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Switzerland

Majority

Single Bidder

Private

Acquisition

insurance

Friendly

Full Line Insurance

Pending

Synopsis

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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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