Eurovita News

PE Firm Cinven Eyes Sale of German Life Insurer Viridium: Sources

Cinven is considering a sale of German life insurer Viridium after another of its insurance investments in Europe, Eurovita, was hit by heavy customer outflows earlier in the year, three people familiar with the matter told Reuters. The private equity …

Cinven Buys Back Eurovita Bonds to Help Avoid Messy Liquidation of Its Insurer: Source

Private equity firm Cinven has agreed to buy back 160 million euros ($170 million) of debt sold by its insurer Eurovita and is open to supporting other measures to avoid a messy liquidation of the Italian company, a person with …

Italy Prosecutors Probe False Accounting Allegations Related to Insurer Eurovita: Source

Prosecutors in Milan are probing allegations of false accounting in relation to the crisis of Italian life insurer Eurovita, a person with knowledge of the matter said on Friday. Owned by Cinven, Eurovita this year became the first Italian insurer …