Allianz-Led Consortium to Acquire Viridium
Allianz SE, alongside a consortium of top-tier insurers and asset managers, is set to acquire Viridium, a prominent European life insurance consolidator. The transaction, announced on March 19, 2025, is valued at approximately EUR 3.5 billion (USD 3.8 billion).
Allianz stated that Viridium will continue to operate as an independent platform focusing on the management of closed life insurance portfolios. The deal is expected to conclude in the second half of 2025. Ownership of Viridium will be distributed among the consortium members and financial investors, with T&D Holdings acquiring the largest share.
A consortium of top-tier insurers and asset managers will acquire leading European life insurance consolidator Viridium.
Recent financial news highlights Allianz’s activities, including deals in the Indian market. On March 17, 2025, Allianz announced the sale of a 26% stake in its Indian joint ventures for $2.8 billion. Furthermore, on March 16, 2025, Bajaj Finserv Ltd., Bajaj Holdings & Investment Limited, and Jamnalal Sons Private Limited agreed to acquire an additional 26% stake in Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited from Allianz SE for approximately INR 240 billion.
Company Profile: Allianz SE is a global insurance company with significant operations in life and health insurance, non-life insurance, and asset management.
