Mediterráneo Vida (MEDVIDA), has completed it’s merger with MEDVIDA Partners, the Spanish insurance organisation – formerly known as CNP Partners, which was acquired by the group in 2022.
The merged company, which manages close to €3.5 billion in assets, reaffirms its appetite for making further acquisitions of life insurance businesses across Spain.
At the same time, MEDVIDA Partners has also confirmed that the management team of the entity will be made up of professionals who already previously held management positions in both companies.
From what we understand, Antonio Trueba will continue to lead the insurer as CEO of the merged entity.
In addition to that, Jaime Kirkpatrick (Managing Director), Jaime Sánchez (Legal and Compliance), Ben Spurgen (Investments), Guy Horton (Finance and Capital), Juan Vidal (Risk, Investment Administration) and Luca Inserra (Business Development) will all report into Trueba.
Trueba, CEO of MEDVIDA, commented: “We have the business model and the platform to pursue our strategy of strong inorganic growth, acquiring life insurance portfolios in our core markets and improving the financial and operational position of our counterparties.
“We will make significant investments in our business model in which we aim for maximum operational efficiency, and improvements in the quality of service to our policyholders and distribution partners. We continue to innovate in investment and risk management, and to maintain a solid solvency position.”
