Staff Reporter

, Australia

/Alexas Fotos from Pixabay

Shareholders are group to person $0.46 successful rate per share.

Zurich Financial Services Australia (Zurich) will get ClearView Wealth Limited (ClearView) done a strategy of arrangement, successful a woody that values nan life insurer astatine astir $292.90m (A$415m).

The transaction has been unanimously recommended by ClearView’s board. If completed, ClearView shareholders will person $0.46 (A$0.65) successful rate for each share.

ClearView is listed connected nan Australian Securities Exchange and is nan genitor of ClearView Life Assurance Limited.

As astatine 30 June 2025, nan group reported A$413m successful in-force premiums. The insurer focuses connected moving pinch financial advisers and offers life security products to Australian customers.

Justin Delaney, main executive serviceman of Zurich Financial Services Australia and New Zealand, said nan projected acquisition would harvester Zurich’s superior spot pinch ClearView’s section merchandise scope and advisor relationships, strengthening Zurich’s position successful nan Australian life security market.

Zurich expects nan transaction to beryllium completed astir nan 3rd 4th of 2026.

($1.00 = A$1.42)
 

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