Spain
Cuatrecasas advises MedVida Partners on acquiring a life insurance portfolio from SA Nostra Vida
July 13, 2023
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SubscribeCuatrecasas advises MedVida Partners de Seguros y Reaseguros, S.A. on the agreement with Vida-Caixa, S.A. de Seguros y Reaseguros to acquire a life insurance portfolio in run-off of SA Nostra Compañía de Seguros de Vida, S.A.
Once the transaction is completed, subject to obtaining the appropriate regulatory authorizations, MedVida will manage the over 30,000 policies of the acquired portfolio, and it will receive €170 million in technical provisions and €10 million in premiums per year.
With this transaction, MedVida continues with its plans for acquisition, integration and optimization of the life insurance business, already managing assets for nearly €4,000 million.
Corporate partners Ruth Duque and José Luis Rodríguez and Rebeca Rodríguez partner in the tax area led the transaction, together with corporate associates Soraya Romero, Celia Zafra and Julián Ruan and tax associate Pablo Cerdán. Partners Andrew Ward, European Union law and competition, and Álvaro Bourkaib, intellectual and industrial property and new technologies, also participated.
July 13, 2023
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