• SFCRs shine light on German legacy life books of Zurich and Axa

    16 April 2024

    Groups have planned, with mixed success, to sell the back-books to consolidators

  • Zurich has a "variety of options" to address German life legacy book

    22 February 2024

    A sale to consolidator Viridium fell through last month

  • PE ownership can sometimes benefit insurers' credit standing, Fitch says

    15 February 2024

    Effect of private financiers' involvement depends on their strategy, rating agency adds

  • Achmea says "exploring internal and external options" for life business

    12 February 2024

    Dutch conglomerate has one life unit and two pensions units

  • Moody's predicts German life consolidation to slow after Zurich-Viridium deal is cancelled

    01 February 2024

    Christian Badorff says that even the perception of BaFin rejecting PE-backed deals could decelerate activity

  • BaFin's PE-ownership concerns nixed Viridium-Zurich deal

    30 January 2024

    Insurer says it remains committed to finding a solution for legacy portfolio sale

  • Zurich's €20bn German life backbook deal with Virdium falls apart

    30 January 2024

    'Project Sander' involved 720,000 policies and gross reserves worth €20bn, German unit's SFCR said

  • Cinven considering Viridium sale, buys Eurovita debt

    04 October 2023

    Moves follow departure of private equity firm's insurance partner

  • Generali sells German pension vehicle to Frankfurter Leben

    04 May 2023
  • Plenty of runway left for life consolidation in Europe

    04 October 2022

    The business of consolidating life insurance portfolios is looking healthy, according to participants, as inflation provides a catalyst and supervisors become more familiar with transactions. Joshua Geer reports