FINANCE - INSURANCE

Insurance

Luxembourg-based Octium acquires Swiss insurance company



Octium’s offers are designed for succession planning purposes basing themselves on experience in asset management.  Photo: Octium

Octium’s offers are designed for succession planning purposes basing themselves on experience in asset management.  Photo: Octium

Insurance group Octium, headquartered in Luxembourg, announced the acquisition of Credit Suisse Life & Pensions AG, to consolidate a leader spot in private life insurance.

Following the acquisition of UBS International Life in 2017 Octium group now confirms its expansion by adding Credit Suisse Life & Pensions AG to its portfolio. The group now has over €10bn in life insurance assets as it aims to increase its presence in Europe with offices in Luxembourg, Dublin, Vaduz, Zurich and Milan.

“This facilitates our ambition to grow organically and to acquire attractive propositions which will add significant value to the Group in terms of capital strength, assets, clients, counterparties and expertise,” said Octium Group’s CEO Dara Hurley in a press release.

Octium’s offers are designed for succession planning purposes basing themselves on experience in asset management. The group also counts Ireland-based insurance company Octium Life as well as Switzerland and Liechtenstein-based company Octium International Insurance Agent.