As previously announced, Swiss Life is withdrawing from the Italian insurance market. Swiss Life is to sell both of its Italian insurance subsidiaries ─ which with a staff of 23 generated around CHF 20 million in gross premium income in 2005 ─ to the Italian banking group bancApulia. Swiss Life will continue to offer global employee benefits solutions to its major international clients in Italy via the Swiss Life Network.
For the bancApulia group this acquisition represents further expansion in the area of bancassurance.
Subject to the approval of the relevant authorities, the transaction is expected to be concluded in the fourth quarter of 2006.
Contact
Media Relations
Phone +41 43 284 77 77
media.relations@swisslife.ch
Investor Relations
Phone +41 43 284 52 76
investor.relations@swisslife.ch
www.swisslife.com
For the bancApulia group this acquisition represents further expansion in the area of bancassurance.
Subject to the approval of the relevant authorities, the transaction is expected to be concluded in the fourth quarter of 2006.
Contact
Media Relations
Phone +41 43 284 77 77
media.relations@swisslife.ch
Investor Relations
Phone +41 43 284 52 76
investor.relations@swisslife.ch
www.swisslife.com
Swiss Life
The Swiss Life Group is one of Europe’s leading providers of pension and life insurance products. The Swiss Life Group offers individuals and companies comprehensive advice across a broad range of products via agents, brokers and banks in its domestic market, Switzerland, where it is market leader, and selected European markets. Multinational companies are serviced with tailor-made solutions by a network of partners in over 60 countries and regions. With Banca del Gottardo, the Swiss Life Group is also a provider of private banking services. The bank, with its head office in Lugano, has an extended national and international network and around CHF 40 billion in customer assets under management.
Swiss Life Holding, registered in Zurich, dates back to the Swiss Life Insurance and Pension Company founded in 1857. Shares of Swiss Life Holding are listed on the SWX Swiss Exchange (SLHN). The Swiss Life Group employs a staff of more than 9000.
Cautionary statement regarding forward-looking information
This publication contains specific forward-looking statements, e.g. statements including terms like “believe”, “assume”, “expect” or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of the company and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties readers should not place undue reliance on forward-looking statements. The company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.