Acquiring Company
Alpha Bank S.A
Acquired Company
Universal Life Insurance Public Company Ltd
NicosiaFinancial ServicesFinanceLendingBankingHealth CareEmployee BenefitsInsuranceDescription
Alpha Bank S.A. has reached an agreement to acquire Altius Insurance and merge it with Universal Life Insurance to form a significant new insurance entity in Cyprus. The combined entity will rank among the top three insurance groups in the country. This strategic partnership aims to leverage the strengths of both companies to enhance growth and market position.
Quick answer
Alpha Bank S.A is acquiring Universal Life Insurance Public Company Ltd, announced December 19, 2025.
- How much did Alpha Bank S.A pay for Universal Life Insurance Public Company Ltd?
- The deal value was not disclosed.
- What does Alpha Bank S.A do?
- Alpha Bank S.A. is a leading financial institution in Cyprus, focusing on banking services.
- Where are Alpha Bank S.A and Universal Life Insurance Public Company Ltd based?
- Universal Life Insurance Public Company Ltd is based in Nicosia, Cyprus, Cyprus.
- Who are the decision-makers at Alpha Bank S.A?
- Fundz holds 2 contacts at Alpha Bank S.A. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Finance
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- Titan Wealth acquires Sound Financial for £600m, $784M (January 29, 2026)
- First Community Corporation acquires Signature Bank (January 28, 2026)
- Northwest Bancshares acquires Penns Woods Bank (January 27, 2026)
- Columbia Banking System acquires Pacific Premier (January 25, 2026)
- Nedbank to acquire 66% stake in NCBA Group (January 21, 2026)
- First Merchants Corporation to Acquire First Savings Financial Group, Inc. (December 19, 2025)
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Frequently asked
Who acquired Universal Life Insurance Public Company Ltd?
Universal Life Insurance Public Company Ltd was acquired by Alpha Bank S.A. The deal was reported on December 19, 2025. Alpha Bank S.A. is a leading financial institution in Cyprus, focusing on banking services. The bank provides a comprehensive range of financial products including mortgages, loans, and insurance solutions. Alpha Bank S.A is privately held and operates in Financial Services.
When did Alpha Bank S.A acquire Universal Life Insurance Public Company Ltd?
Alpha Bank S.A's acquisition of Universal Life Insurance Public Company Ltd was reported on December 19, 2025. Alpha Bank S.A. has reached an agreement to acquire Altius Insurance and merge it with Universal Life Insurance to form a significant new insurance entity in Cyprus. The combined entity will rank among the top three insurance groups in the country. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Universal Life Insurance Public Company Ltd do?
Universal Life Insurance Public Company Ltd. is a prominent insurance provider in Cyprus, specializing in life and health insurance products. The company has a long-standing reputation for reliability and quality customer service. It is privately held, operating in Health Care, and is based in Nicosia.
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