Zurich Insurance to buy Australia's ClearView Wealth for $288 million
23/02/2026 23:59
Feb 24 (Reuters) - Australia's ClearView Wealth CVW.AX said on Tuesday that the local unit of Zurich Insurance Group ZURN.S has agreed to buy the life insurer for A$408.3 million ($288.30 million). Under the deal, ClearView shareholders will receive cash consideration of 65 Australian cents per share, a 21.5% premium to its last closing price. ($1 = 1.4162 Australian dollars) (Reporting by Nichiket Sunil in Bengaluru; editing by Rashmi Aich) ((Nichiket.Sunil@thomsonreuters.com))