Zurich Financial Services Australia (Zurich) has entered into an agreement to acquire ClearView Wealth Limited (ClearView) through a scheme of arrangement. The ClearView equity value of the transaction is approximately A$415 million.
Zurich Australia confirms that the proposed acquisition has received the unanimous recommendation of ClearView’s directors.
Implementation of the proposed acquisition is subject to regulatory approvals and other customary conditions, including ClearView stockholder and court approvals
If the transaction is successful, ClearView shareholders will receive cash consideration of A$0.65 per share. The acquisition is currently expected to close around the third quarter of 2026.
ClearView is an entity listed on the ASX and the parent company of Australian life insurance company Clearview Life Assurance Limited. As of June 30, 2025, the group had reported effective premiums of A$413 million.
Justin Delaney, CEO of Zurich Australia and New Zealand, commented: “The proposed transaction combines Zurich’s strong capital base with ClearView’s established market offerings and advisory relationships, providing a clear opportunity to develop customer experience and deliver competitive products in the Australian life insurance market.”
ClearView chairman Geoff Black added: “We believe Zurich and ClearView are highly complementary brands in the life insurance space and if this plan goes ahead, Zurich will be an excellent custodian to continue delivering ClearView’s ClearChoice product, protecting what matters most to Australians.”
