Zurich Financial Services Australia has agreed to acquire ClearView Wealth Limited via a scheme of arrangement, in a transaction valuing ClearView’s equity at approximately AUD 415 million.

The proposed deal has received the unanimous recommendation of ClearView’s directors and remains subject to regulatory approvals, as well as shareholder and court approvals. If completed, ClearView shareholders will receive AUD 0.65 in cash per share. The transaction is expected to close in the third quarter of 2026.

ClearView is an ASX-listed company and the parent of ClearView Life Assurance Limited. As of June 30, 2025, the group reported AUD 413 million in in-force premiums, reflecting its established position within the Australian life insurance market.

Justin Delaney, Chief Executive Officer of Zurich Australia & New Zealand, said the acquisition would combine Zurich’s capital strength with ClearView’s in-market product suite and adviser relationships. He described the transaction as an opportunity to enhance customer experience and strengthen competitiveness in Australia’s life insurance sector.

Geoff Black, Chair of ClearView, said the two companies are highly complementary in life insurance and that Zurich would be a strong long-term custodian of ClearView’s ClearChoice product offering.

If approved, the acquisition would expand Zurich’s footprint in Australia’s life insurance market, reinforcing its strategy of targeted growth through acquisitions and deepening adviser-driven distribution capabilities.