Luxembourg, August 29th 2019 – GB Life Luxembourg S.A. announces that an agreement to be acquired by Foyer S.A. has been signed. The transaction is subject to regulatory approval by the “Commissariat aux Assurances.” GB Life Luxembourg has been offering life insurance solutions across Europe for over 25 years. In recent years it has reinvented its business model anticipating the trends in the international life insurance industry:
- Launching ePlatinum: a 100% digital life insurance solution, transparent and performant;
- Implementing eConnect: a state-of-the-art digital platform for partners and clients;
- Introducing integrated partnerships: co-designing solutions and services with insurance intermediaries and financial institutions.
Going forward, GB Life Luxembourg will continue to make life insurance easier for partners and clients. Its unique business approach in the affluent client segment adds a new pillar to the existing cross-border life activities of Foyer Group.
Pieter Coopmans, GB Life’s CEO, states:
“The acquisition by Foyer Group offers a great opportunity for GB Life and its partners and clients. We will benefit from their experience, stability and strong market presence enhancing the execution of our commercial strategy.”
Press contact – GB Life Luxembourg
(+352) 27 05 95 22
About GB Life Luxembourg
GB Life Luxembourg S.A. is a leading cross-border 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.
Created in 1922, Foyer S.A is a leading financial player in Luxembourg. Its solidity lies in the strength of its shareholder base, but also in the work of its 800 employees in three countries and its 635 agents in Luxembourg. Leader of the local life and non-life insurance market, Foyer is active in several European countries through three business lines: insurance, benefit protection insurance and wealth management. Its extended range of products is aimed at individuals, professionals and companies to whom it offers high-end and innovative services. Concerned about its corporate social responsibility, Foyer Group has also been involved in general interest and social partnership projects for many years.