Zurich UK sells retail wealth business 'to focus on protection'

Plus agrees five-year partnership

clock • 2 min read

Platform sale to Embark Group reflects insurer’s interest in ‘greatest growth opportunities’

Zurich UK has sold its retail wealth business to Embark Group for an undisclosed sum. As part of the deal, Zurich and Embark have entered into a five-year partnership to distribute digital life and protection products through Embark's technology channels. Jim Sykes, Zurich UK's head of UK life, said Embark is "ideally placed to take the platform to the next stage" in its "specialist area", while suggesting the move will allow Zurich to focus on its core retail and group protection business. He said: "In turn, this allows us to focus our resources on our protection business where we...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

Life insurance premium growth to drop to 1% in 2025

Life insurance premium growth to drop to 1% in 2025

Swiss Re research

Cameron Roberts
clock 09 July 2025 • 1 min read
ABI reports impact of Covid-19 Support Fund

ABI reports impact of Covid-19 Support Fund

£104 million in donations

Cameron Roberts
clock 09 July 2025 • 1 min read
The COVER Review: Acquisitions, healthcare and awards

The COVER Review: Acquisitions, healthcare and awards

Week commencing 30 June 2025

COVER
clock 04 July 2025 • 1 min read