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Exploring Alternatives for Zurich Life Legacy Portfolio

Zurich Insurance Group, the SMI20 member, said Tuesday taht the planned sale of its German Life Legacy portfolio failed. The intended buyer, Viridium Group, has decided not to proceed with the acquisition as initially planned, Zurich said.

Commitment to Finding New Solutions

Despite this setback, Zurich remains dedicated to resolving the future of the Zurich Life Legacy portfolio. The company has expressed its intent to actively explore alternative options for this part of its business.

No Impact on Zurich’s Financial Strategy

This news development does not affect Zurich’s financial targets or its capital management plans. The company reassures its stakeholders that the halted sale will not have any adverse effects on its broader financial strategy or objectives.

See this link for background.

In summary, Zurich Insurance Group is refocusing its efforts to find a new solution for its German Life Legacy portfolio, following Viridium Group’s decision not to complete the purchase. The company remains steadfast in its financial goals and strategies amidst this change.

By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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