Madrid, 7th May 2024: On April 30 2024, VIDACAIXA and MEDVIDA Partners completed the transfer of a run-off portfolio of nearly 30,000 policies. The policies form part of the insurance business of the former Sa Nostra Vida, a company acquired by VIDACAIXA in November 2022. Antonio Trueba, CEO of MEDVIDA Partners, commented: “The teams of both companies have worked effectively to ensure that operations are fully transferred at the time of closing, only 10 months after the signing of the portfolio transfer agreement”. MEDVIDA Partners, which manages nearly 3.5 billion euros in assets and has reported a solvency ratio of 235% at the end of 2023, has reaffirmed its investment appetite to continue making acquisitions of life insurance business in Spain.
MEDVIDA Partners announces that yesterday it completed its acquisition of Metrópolis’ life insurance portfolio. The transaction is an important milestone in Spain and for MEDVIDA Partners as it represents the first transfer of life insurance savings with-profits portfolios between unrelated entities. The solution implemented by MEDVIDA Partners results in an economically sound mechanism for both […]
The Spanish regulator has approved the merger of Mediterráneo Vida (MEDVIDA) and MEDVIDA Partners (formerly CNP Partners), 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 in Spain. MEDVIDA Partners has announced that the management team […]