Zurich Financial Services Australia (Zurich) has entered an agreement to acquire ClearView Wealth Limited (ClearView) via a scheme of arrangement. The transaction bases ClearView’s equity value at approximately AUD 415 million.
Zurich Australia confirmed that the proposed acquisition has received the unanimous recommendation of ClearView Directors.
The implementation of the proposed acquisition is subject to regulatory approvals and other customary conditions, including ClearView shareholder and court approvals
If the transaction goes through, ClearView shareholders will receive cash consideration of AUD 0.65 per share. The acquisition is currently expected to close around the third quarter of 2026.
ClearView is an ASX-listed entity and the parent company of Clearview Life Assurance Limited, an Australian life insurer. As of June 30th, 2025, the group has reported AUD 413 million of in-force premiums.
Justin Delaney, Chief Executive Officer, Zurich Australia & New Zealand, commented, “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, ClearView, added, “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.”
