Zurich Financial Services Australia will acquire ClearView Wealth (ClearView) through a scheme of arrangement.
ClearView is the parent company of Clearview Life Assurance, an Australian life insurer. The ClearView group reported A$413m ($292m) of in-force premiums as of 30 June 2025.
The proposed acquisition has received the unanimous recommendation of ClearView directors and if implemented, ClearView shareholders will receive cash consideration of A$0.65 per share, representing an equity value for ClearView of approximately A$415m.
Zurich Australia & New Zealand CEO Mr Justin Delaney said that 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.
ClearView Chair Mr Geoff Black 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,” he said
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.