The acquisition of an insurance portfolio of Zurich Group Germany ("Zurich") by Viridium Group (“Viridium“) will not proceed as planned due to considerations relating to Viridium’s current ownership structure. We regret this as the transaction would offer clear benefits for customers.
Viridium is Germany's leading life insurance consolidator with a successful and stable long-term business model and significant financial strength. Viridium will continue to pursue its existing strategy and seize growth opportunities going forward.