Zurich has announced it is intending to acquire ClearView Wealth Limited (ClearView), the parent company of ClearView Life Assurance. The proposed acquisition has received the unanimous recommendation of ClearView Directors, states Zurich.
If the transaction is implemented, ClearView shareholders will receive cash consideration of $0.65 per share, representing an equity value for ClearView of approximately A$415m.
ClearView, an ASX-listed entity, is the parent company of Clearview Life Assurance Limited. As at 30 June 2025, the ClearView group reported $413m of in-force premiums.
Justin Delaney, CEO, Zurich Australia & New Zealand, said: “The proposed transaction brings together Zurich’s strong capital foundation with ClearView’s established in-market product and advice relationships and represents a clear opportunity to develop the customer experience and competitive offering in the Australian life insurance market.”
Geoff Black, Chair of ClearView, said: “We believe Zurich and ClearView are highly complementary brands in life insurance and that, if the scheme is implemented, Zurich will be a great custodian to continue delivering ClearView’s ClearChoice product that protects what is most important to Australians.”
Implementation of the proposed acquisition is subject to regulatory approvals and other customary conditions, including ClearView shareholder and court approvals.
The proposed acquisition is currently expected to be implemented around the third quarter of 2026.
