Zurich to acquire ClearView for $293m

Shareholders are set to receive $0.46 in cash per share.

Zurich Financial Services Australia (Zurich) will acquire ClearView Wealth Limited (ClearView) through a scheme of arrangement, in a deal that values the life insurer at about $292.90m (A$415m).

The transaction has been unanimously recommended by ClearView’s board. If completed, ClearView shareholders will receive $0.46 (A$0.65) in cash for each share.

ClearView is listed on the Australian Securities Exchange and is the parent of ClearView Life Assurance Limited.

As at 30 June 2025, the group reported A$413m in in-force premiums. The insurer focuses on working with financial advisers and offers life insurance products to Australian customers.

Justin Delaney, chief executive officer of Zurich Financial Services Australia and New Zealand, said the proposed acquisition would combine Zurich’s capital strength with ClearView’s local product range and adviser relationships, strengthening Zurich’s position in the Australian life insurance market.

Zurich expects the transaction to be completed around the third quarter of 2026.

($1.00 = A$1.42)