Following the acquisition of GB Life Luxembourg S.A. by Foyer S.A. on 30 December 2019, we are pleased to announce that GB Life and WEALINS will be merged (subject to the final approval of the Commissariat aux Assurances) by the end of this year under a single brand name: WEALINS.
This merger represents an opportunity for WEALINS to further strengthen its position as a major player in life insurance under the Freedom to Provide Services (FPS) from Luxembourg. At the end of 2019, the combined assets under administration of WEALINS and GB Life exceeded 12.5 billion euros invested exclusively in units of account.
An expanded product offering
WEALINS offers tailor-made life insurance and capitalisation solutions designed for an international and a mobile clientele, taking into account the financial and particular situation of each client. With the integration of GB Life, WEALINS continues its development by expanding its existing offer:
- Wealth insurance solutions in its 10 markets to provide its clients with flexibility and access to a wide range of innovative and sophisticated financial assets as well as tailor-made solutions, particularly via the discretionary management
- ePlatinum product to fulfil the needs of clients who are seeking a 100% digital solution that is simple, fast, easy to use and offers all-in pricing
A synergy of skills & operational excellence
This merger will enable partners and clients to benefit from the quality of service and operational excellence that exists within the two companies.
The preparations for the integration of GB Life teams within WEALINS are already well underway and all GB Life employees will join the premises of WEALINS and Foyer Group in Leudelange by the end of September.
We kindly ask you to direct all future correspondence to our new address:
GB Life Luxembourg S.A.
12 rue Léon Laval
L-3372 Leudelange
Your usual contact person in GB Life Luxembourg S.A. as well as the telephone numbers, email addresses and fax numbers remain unchanged. The address of the registered office of GB Life Luxembourg (3 Rue Jean Piret L-2350 Luxembourg) also remains unchanged.
Our Clients and Partners team remains at your disposal for any further information: clientservicing@gblife.lu.
GB Life Luxembourg S.A.
GB Life Luxembourg S.A. is a life insurance company, providing innovative solutions across Europe. For over 25 years, the company has been partnering with renowned banks, insurance brokers and financial advisors to make life insurance easier.
www.gblife.lu
WEALINS S.A.
WEALINS is a Luxembourg-based life insurance company with over 28 years of experience and operating under the Freedom to Provide Services regime in Luxembourg. The company relies on the expertise and know-how of its 100 employees.
In collaboration with its partners, asset management and wealth structuring professionals, WEALINS ‘offer is aimed at wealthy and mobile clients by offering life insurance and capitalisation solutions for residents in Belgium, Finland, France, Italy, Luxembourg, Norway, Portugal, Spain, Sweden and United Kingdom.
By the end of 2019, the company had reached 10 billion euros of assets under administration entirely invested in units of account and a turnover of more than 1 billion euros.
www.wealins.com