Closing of the acquisition of GB Life Luxembourg S.A. by Foyer S.A.

Following the press release issued at the end of August 2019, it is now official, the Commissariat aux Assurances (CAA) has approved the acquisition of the insurance company GB Life Luxembourg S.A. (GB Life) by Foyer S.A., the leading privately held financial group in Luxembourg and a 100% shareholder of WEALINS S.A.

This acquisition represents an opportunity for Foyer S.A. to strengthen its position in the life insurance market under the freedom to provide services regime from Luxembourg. WEALINS and GB Life have, in total, more than €12 billion of assets under administration, fully invested in units of account on 11 European markets.

In addition, Foyer S.A. will be able to capitalize on GB Life expertise thanks to an innovative and digital life insurance offer with a complete dematerialization of the subscription process (including digital signature) currently available in Belgium.

Marc Lauer, Chief Executive Officer of Foyer S.A.:

“I am convinced that the acquisition of GB Life Luxembourg will continue to strengthen the Group's international life insurance activities as an asset management instrument."

About Foyer S.A.
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

About GB Life

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.

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Foyer Assurances
12 rue Léon Laval
L-3372 Leudelange
Tel. : 437 437

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