Viridium Group Acquires Traditional Life Insurance Portfolio from Zurich Deutscher Herold

Allianz‑Led Consortium (Allianz, BlackRock, Generali, Hannover Re, T&D) Acquires Viridium Group from Cinven

July 13, 2018

Financial Services

A consortium led by Allianz with participation from BlackRock, Generali Financial Holdings, Hannover Re and T&D Holdings completed the acquisition of Viridium Group from Cinven (Cinven Fund 5) for approximately €3.5 billion. Viridium, a leading German life‑insurance consolidation platform headquartered in Neu‑Isenburg, Hesse, was sold as a full exit/realisation of Cinven’s investment after significant portfolio and platform build‑out.

Cinven to acquire Viridium and combine it with Generali Lebensversicherung AG

July 13, 2018

Financial Services

Cinven's Sixth Fund has agreed to acquire the Viridium Group and provide equity for Viridium to acquire Generali Lebensversicherung AG, creating a leading consolidator in the German life insurance market. The combination will bring together roughly 5 million policies and around €55–60 billion of assets under management, with Generali Deutschland retaining a 10.1% stake and Hannover Re reinvesting in the combined entity.

Monument Re Subsidiary Acquires Zurich International Life's Singapore Closed‑Book Portfolio

November 4, 2022

Insurance

Monument International Life Assurance Company Limited (MILAC), an Isle of Man subsidiary of Monument Re Limited, has completed the acquisition of the closed book portfolio of Zurich International Life Limited's Singapore long‑term life insurance business. The Singapore portfolio and its employees have transferred into MILAC's Singapore branch following receipt of court and regulatory approvals in the Isle of Man and Singapore.

RGI Acquires NOVUM

July 30, 2019

Software

RGI, a Corsair Capital-backed provider of insurance core systems, has acquired 100% of NOVUM, a DACH-focused developer of policy administration and archiving solutions. The acquisition strengthens RGI's presence in the DACH region and expands its cloud-based policy administration and archiving capabilities while NOVUM's management will remain to continue product investments and execution plans.

Zinnia Acquires Ebix's North American Life and Annuity Assets

April 1, 2024

Software

Zinnia Corporate Holdings, an Eldridge business, has closed its acquisition of Ebix's North American Life and Annuity assets, which include SmartOffice, Vital Sales Suite, Winflex, AnnuityNet, LifeSpeed, TPP and related consulting services. The assets will form a new Zinnia business line called Life and Annuity Exchange Solutions and add over 770 team members across six locations in the United States and India, expanding Zinnia's insurance technology capabilities.

Vantage Group Acquires Admitted Carrier Vantage Risk Assurance Company

February 8, 2022

Insurance

Vantage Group Holdings Ltd. has closed the purchase of an admitted-lines carrier, Vantage Risk Assurance Company (formerly Heritage Casualty Insurance Company), from Union Fidelity Life Insurance Company. Concurrently, funds managed by Carlyle and Hellman & Friedman committed up to an additional $200 million to support Vantage’s continued growth and to expand capabilities in its U.S. insurance platform.