Zurich acquires ClearView

Zurich Australia is to acquire ClearView Wealth Limited.
Zurich announced the acquisition today noting that it had received the unanimous recommendation of the ClearView board.
It said that if the if the transaction is implemented, ClearView shareholders will receive cash consideration of A$0.65 per share representing an equity value for ClearView of approximately A$415 million.
Commenting on the transaction, Zurich Australia and New Zealand chief executive, Justin Delaney said it brought together Zurich’s strong capital foundation with ClearView’s established in-market product and advice relationships and represents a clear opportunity to develop the customer experience and competitive offering in the Australian life insurance market.”
Geoff Black, Chair of ClearView, said: “We believe Zurich and ClearView are highly complementary brands in life insurance and that, if the scheme is implemented, Zurich will be a great custodian to continue delivering ClearView’s ClearChoice product that protects what is most important to Australians.”
Implementation of the proposed acquisition is subject to regulatory approvals and other customary conditions, including ClearView shareholder and court approvals.









if Peter Johnston had stood back and actually thought about what was happening I dare say he's forgotten that there…
…but, if the adviser joins another dealer group, then its business as usual?
"You will no longer be able to view and manage policies for your existing clients using your adviser log-in (‘a’…
I can provide quality & appropriate advice in about 1 hour with implementation on top.....I can provide "compliant" advice following…
Freaking clown....we're drowning in red tape and you're pushing this @$@$... and blaming advisers.