Zurich Australia enters into agreement to acquire ClearView
Zurich Financial Services Australia (Zurich) today announced that it has entered into an agreement to acquire ClearView Wealth Limited (ClearView) via a scheme of arrangement.
The proposed acquisition has received the unanimous recommendation of ClearView Directors1 . If the transaction is implemented, ClearView shareholders will receive cash consideration of A$0.65 per share2 , representing an equity value for ClearView of approximately A$415 million.
ClearView, an ASX-listed entity, is the parent company of ClearView Life Assurance Limited, an Australian life insurer committed to partnering with financial advisers to help Australians and their families achieve peace of mind about their future. As at 30 June 2025, the ClearView group reported A$413 million of in-force premiums.
Justin Delaney, Chief Executive Officer, Zurich Australia & New Zealand, said: “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 of ClearView, 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.”
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.
-ENDS-
1The ClearView Directors unanimously recommend that ClearView shareholders vote in favour of the scheme at the scheme meeting, in the absence of a superior proposal and subject to an independent expert concluding in the independent expert’s report (and continuing to conclude) that the scheme is in the best interests of ClearView shareholders.
2ClearView Shareholders will receive cash consideration of $0.65 per share, less the cash amount of any permitted dividend determined to be paid or declared by the ClearView Board prior to the implementation of the scheme, plus the ticking fee (if applicable), as outlined in the scheme implementation deed.
For media enquiries contact:
| Adam Siddique Head of Public and External Affairs 0407 473 630 media@zurich.com.au |
Isabella Molinari Media and External Relations Manager 0401 105 653 media@zurich.com.au |
Zurich Financial Services Australia is a life insurance, commercial insurance and investments specialist that has been participating in the Australian market since 1920. Since its acquisition of OnePath Life from ANZ in 2019, the organisation provides life insurance to more than 1.5 million Australian customers under both the Zurich and OnePath Life brands. Further information about Zurich Financial Services Australia is available at www.zurich.com.au.
Zurich Insurance Group (Zurich) is a leading global multi-line insurer founded more than 150 years ago, which has grown into a business serving more than 82 million customers in more than 200 countries and territories, while delivering industry-leading total shareholder returns. Reflecting its purpose to ‘create a brighter future together,’ Zurich offers protection services that go beyond traditional insurance, to support its customers in building resilience. Since 2020, the Zurich Forest project supports reforestation and biodiversity restoration in Brazil’s Atlantic Forest. The Group has more than 65,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN) is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at www.zurich.com.
ClearView is an ASX-listed life insurance business established in 2010 that partners with financial advisers to help Australians protect their wealth. As at 30 June 2025, ClearView manages over $400 million in in-force premiums and has relationships with over 1,000 Australian Financial Services Licensees, representing over 5,000 financial advisers.