Credit Suisse sells European life and pensions business

clock • 1 min read

Credit Suisse Life & Pensions AG - the company's European life and pensions business - has been sold to Octium Group for an undisclosed amount. Octium Group said in a statement that it has agreed to acquire Credit Suisse Life & Pensions AG, a Credit Suisse subsidiary that focuses primarily on German and Italian insurance clients with offices in Vaduz and Milan. The deal, subject to regulatory approval, will see Octium strengthening its European footprint, having previously having acquired and integrated UBS International Life DAC in 2017. Group Chairman, Jean-Francois Willems, beli...

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