Zurich Financial Services Australia has reached an agreement to acquire ClearView Wealth for approximately A$415m ($295m).

Under the proposed terms, ClearView investors would receive A$0.65 in cash per share.

ClearView’s directors have unanimously recommended the proposed transaction.

Completion is anticipated in the third quarter of 2026 (Q3 2026), subject to regulatory, shareholder and court approvals.

Zurich Australia & New Zealand CEO Justin Delaney said: “The proposed transaction brings 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.” 

ClearView is the holding company of ClearView Life Assurance, an Australian life insurer that works with financial advisers.

As of 30 June 2025, the group reported A$413m in in-force premiums.

ClearView chairman Geoff Black added: “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.” 

The ClearView deal follows another planned acquisition by Zurich Insurance Group.

Earlier this month, the insurer agreed in principle with Beazley on key financial terms for a takeover valued at $10.8bn.

The proposal envisages a cash offer by Zurich for all Beazley shares, at up to 1,335p (£13.35) per share, comprising 1,310p in cash and a dividend of up to 25p per share linked to Beazley’s 2025 financial year.

Zurich’s latest financial results showed higher earnings in 2025, supported by growth across all divisions.

Net income attributable to shareholders rose to $6.8bn (SFr5.26bn) from $5.8bn in 2024, while business operating profit increased 14% to a record $8.9bn.