Run-off activities have spread in life insurance business. Time to have a short (probably not comprehensive) overview on them:
Germany
After Heidelberger Leben (Cinven, Hannover Re), Delta Lloyd (Athene) and myLife (Augur Capital) a forth run-off platform has been installed in Germany: Frankfurter Leben Gruppe (BHF Bank, Fosun). They have acquired parts of Baloise’s business in force in Germany. Some details are found here, here and here.
Switzerland
A consortium has founded Palladio which took over the entire business in force of Zenith Vie SA. Some details are found here.
Read moreoverview on run-off activities in life insurance industry in German speaking countries