...March 20, 2025 FRANKFURT (S&P Global Ratings) March 20, 2025--S&P Global Ratings said today that the announcement by German global multiline insurer Allianz Group (Allianz; ##/Stable/A-1+) that it has entered into a definitive agreement to acquire Viridium Holding AG as part of a consortium of buyers is in line with Allianz's long-term strategy of focusing on strengthening synergies from life insurance and asset management. The transaction is expected to be completed during 2025, subject to regulatory approval. Allianz has agreed to acquire Viridium as part of a consortium that includes Blackrock and T&D Holdings Inc. At the same time, Cinven will exit its investment in the company while Generali Financial Holdings and Hannover Re (##-/Stable/--) will retain their stakes. Viridium's latest solvency financial condition report, from the end of 2023, indicates that, at that time, it was managing assets of about 64 billion, of which about 57% were related to German traditional guaranteed life...
