7 May, 2024

MEDVIDA Partners completes acquisition of Sa Nostra Vida’s run-off life insurance portfolio

  • VIDACAIXA and MEDVIDA Partners have also completed the migration of operations
  • MEDVIDA Partners now fully operating the portfolio just 10 months after the signing of the portfolio transfer agreement
  • The nearly 30,000 policies transferred form part of the insurance business acquired by VIDACAIXA in November 2022

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.

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Alex Child-Villiers
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Sam Livingstone
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