MEDVIDA Partners completes acquisition of Metrópolis’ life insurance portfolio

Written by Adam Cadle

01/02/2024

MEDVIDA Partners has completed its acquisition of Metrópolis’ life insurance portfolio.

This transaction represents the first transfer of life insurance savings with-profits portfolios between unrelated entities.

Furthermore, with this transaction, Metrópolis completes its corporate restructuring and ceases underwriting activity to focus on its brokerage, asset management and real estate businesses.

In June last year, MEDVIDA Partners also agreed with VidaCaixa the transfer of a Sa Nostra Vida run-off portfolio of 30,000 life insurance policies, which is pending formal approval from the Spanish regulatory authorities.

Antonio Trueba, CEO of MEDVIDA Partners, said: "This transaction demonstrates the innovation that MEDVIDA Partners places at the heart of its business and in finding solutions that adapt to the needs of our counterparties. This, complemented by our capital position, investment expertise and operational platform means MEDVIDA Partners is well-placed to continue to acquire life insurance business in both Spain and throughout Europe.”

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