Finance
Zurich Insurance to buy Australia's ClearView Wealth for $288 million
Published by Global Banking & Finance Review®
Posted on February 24, 2026
1 min readLast updated: February 24, 2026
Quick Summary
Zurich Insurance’s Australian unit agreed to acquire ClearView Wealth for A$408.3 million. Shareholders receive A$0.65 per share, a 21.5% premium to the last close, per Reuters.
Zurich Insurance to Acquire Australia’s ClearView Wealth for $288M
Deal Overview and Terms
Feb 24 (Reuters) - Australia's ClearView Wealth said on Tuesday that the local unit of Zurich Insurance Group has agreed to buy the life insurer for A$408.3 million ($288.30 million).
Premium to Last Close
Per-Share Cash Payment
Shareholder Consideration
Under the deal, ClearView shareholders will receive cash consideration of 65 Australian cents per share, a 21.5% premium to its last closing price.
Exchange Rate Used
Currency and Valuation
($1 = 1.4162 Australian dollars)
Reporting and Editing Credits
(Reporting by Nichiket Sunil in Bengaluru; editing by Rashmi Aich)
Key Takeaways
- •Zurich Insurance’s Australian unit will acquire ClearView Wealth for A$408.3 million.
- •ClearView shareholders are offered A$0.65 per share in cash.
- •The bid represents a 21.5% premium to ClearView’s last closing price.
- •The transaction targets Australia’s life insurance market and advisors.
- •Reported exchange rate referenced: $1 = 1.4162 Australian dollars.
Frequently Asked Questions about Zurich Insurance to buy Australia's ClearView Wealth for $288 million
1What is the main topic?
Zurich Insurance’s Australian unit has agreed to acquire ClearView Wealth for A$408.3 million. The cash offer values shares at A$0.65, representing a 21.5% premium to the last close.
2What is the offer price per share?
ClearView shareholders will receive cash consideration of A$0.65 per share under the proposed deal.
3How much is the premium over the last close?
The offer is a 21.5% premium to ClearView Wealth’s last closing price, according to the report.
