Zurich Australia completes acquisition of Clearview
Justin Delaney
Zurich Financial Services Australia Limited (Zurich) has announced the completion of its acquisition of ClearView Wealth Limited (ClearView) via a members’ scheme of arrangement.
ClearView shareholders will receive cash consideration of A$0.60 per share, equating to aggregate cash consideration of approximately A$385 million.
The acquisition follows approvals received from the Australian Competition and Consumer Commission (ACCC), the Australian Prudential Regulation Authority (APRA), ClearView shareholders and the Supreme Court of New South Wales.
ClearView is an ASX-listed entity and a parent company of ClearView Life Assurance Limited, an Australian life insurer committed to partnering with financial advisers to help Australians and their families achieve peace of mind about their future. As at 31 December 2025, ClearView reported A$436 million in in-force premiums.
Justin Delaney, Chief Executive Officer at Zurich said: “This transaction marks the creation of one of Australia’s largest and fastest-growing life insurers at a time when advice-led protection, prevention and financial security has never been more important.”
“By bringing together Zurich’s leading technology capability and balance sheet strength with ClearView’s established and well-regarded products and market relationships, advisers and customers will benefit from continuity of choice under the efficiency of a single, best-in-class platform,” Mr Delaney said.
Tim Kane, Head of Retail at Zurich said: “This is an exciting moment which combines exceptional team capability and culture across two organisations which have a long history of delivering strong outcomes for Australian customers and advisers.”
“Zurich will retain ClearView’s ClearChoice product, which will remain open to new customers alongside our existing Zurich and OnePath Life offerings.”
“Across all three propositions, we will continue our significant investment in leading technology and people to ensure we are meeting the evolving needs of customers and advisers and delivering the outstanding service we are known for,” Mr Kane said.
