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MEDVIDA Partners completes acquisition of Sa Nostra Vida’s run-off life insurance portfolio
Written by Adam Cadle
07/05/2024
Spanish insurer, VIDACAIXA, and MEDVIDA Partners have completed the transfer of a run-off portfolio of almost 30,000 policies.
The policies form part of the insurance business of the former Sa Nostra Vida, a company acquired by VIDACAIXA in November 2022.
Antonio Trueba, CEO of MEDVIDA Partners, commented: “The teams of both companies have worked effectively to ensure that operations are fully transferred at the time of closing, only 10 months after the signing of the portfolio transfer agreement.”
MEDVIDA Partners, which manages nearly €3.5bn in assets and has reported a solvency ratio of 235% at the end of 2023, has reaffirmed its investment appetite to continue making acquisitions of life insurance business in Spain.
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