A consortium of top-tier insurers and asset managers consisting of Allianz, BlackRock, Generali, Hannover Re and T&D Holdings, announced on August 1st that it has completed the acquisition of Viridium Group, a leading European life insurance consolidation platform, from Cinven. Blättchen & Partner advised the consortium in the transaction.
Hannover Re is being replaced by Santander Insurance and PG3 AG, a Swiss-based family office, as member of the consortium by September 30, 2025.
Viridium will remain an independent stand-alone platform. Viridium’s policyholders will benefit from elevated insurance and asset management capabilities, which will also support Viridium’s ability to capitalize on the growth opportunities of a fragmented European life insurance industry.
This partnership between leading financial institutions and Viridium will contribute to the development of the European closed life market and will further provide the European insurance industry with optionality for the management of closed life books.
About Blättchen & Partner
Blättchen & Partner has more than 25 years of expertise in advising and implementing management and employee participation programs in the context of private equity transactions, but also for listed and family-owned companies as well as foundations and family offices. Furthermore, Blättchen & Partner supports the design of executive compensation models and acts as a compensation expert for listed corporations.
Hannover Re is being replaced by Santander Insurance and PG3 AG, a Swiss-based family office, as member of the consortium by September 30, 2025.
Viridium will remain an independent stand-alone platform. Viridium’s policyholders will benefit from elevated insurance and asset management capabilities, which will also support Viridium’s ability to capitalize on the growth opportunities of a fragmented European life insurance industry.
This partnership between leading financial institutions and Viridium will contribute to the development of the European closed life market and will further provide the European insurance industry with optionality for the management of closed life books.
About Blättchen & Partner
Blättchen & Partner has more than 25 years of expertise in advising and implementing management and employee participation programs in the context of private equity transactions, but also for listed and family-owned companies as well as foundations and family offices. Furthermore, Blättchen & Partner supports the design of executive compensation models and acts as a compensation expert for listed corporations.
