Šiaulių Bankas, the largest bank with Lithuanian capital, and Invalda INVL, the leading investment management and life insurance group in the Baltic region, merged their retail businesses.
All the rights and obligations of INVL Life under all valid life insurance contracts concluded in Estonia shall be deemed transferred to SB Draudimas as of 1 December 2023.
“INVL Life”, uždaroji akcinė draudimo bendrovė (previously – „INVL Life“ UADB, code 305859887, legal address: Vilnius, Gynėjų g. 14, Lithuania) („INVL Life“) which operates in Estonia through its branch – “INVL Life”, uždaroji akcinė draudimo bendrovė Eesti filiaal (registry code 16456570) transfers all the rights and obligations under all valid life insurance contracts concluded in Estonia to Gyvybės draudimo UAB “SB draudimas” (a private limited liability company, legal entity code 110081788, registered address Laisvės pr. 3, Vilnius, Lithuania (“SB Draudimas”) which will operate in Estonia through Gyvybės draudimo UAB “SB draudimas” Eesti filiaal (registry code: 16836083, legal adress: Keemia 4, Tallinn, 10616, Estonia).
Vast majority of the valid life insurance contracts in Estonia were originally entered into by Mandatum Life Insurance Company Limited (registration number 0641130-2, legal address: Bulevardi 56 00120, Helsinki, Republic of Finland), acting in Estonia through Mandatum Life Insurance Company Limited Eesti filiaal (deleted from the register; registry code 14330066) and on 30 June 2023 these contracts were transferred from Mandatum Life to INVL Life.
The terms and conditions of the insurance contracts do not change as a result of the transfer of the insurance portfolio.
From www.sbinsurance.ee website You will find:
INVL Life is a life insurance company owned by Invalda INVL, a leading investment management and life insurance group in the Baltic States in the Baltic States.
The authorized capital of INVL Life amounts to EUR 48 million. It is one of the largest authorized capitals among life insurance companies registered in the Baltic States.
The company was established on 2021 August 11, 2022 March 8. The Bank of Lithuania issued a licence for insurance activities to the company.
The INVL Life license can be found here and from Estonian Financial Supervision and Resolution Authority register:
INVL and Šiaulių bankas merged their retail services as of 1 December 2023.
INVL and Šiaulių bankas merged their retail services as of 1 December 2023.
INVL and Šiaulių bankas merged their retail services as of 1 December 2023.