French insurance group Apicil [1] in January 2019 announced it has completed the acquisition of Luxembourg life insurance company OneLife [2]. Luxembourg regulator CAA has granted its approval.
OneLife has more than €5.2 billion in assets under management and employs more than 150 staff across Europe. It focuses on wealth management and asset management services to ultra-high-net-worth (UHNW), high-net-worth (HNW) and highly affluent clients.
Apicil, the fourth largest social protection group in France with a €2.4 billion turnover, acquired OneLife from U.S. private equity firm J.C Flowers.
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