The transaction is subject to regulatory approval and the amount of the transaction has not been disclosed.

OneLife is a leading Luxembourg life insurance company with more than €5.2 billion in assets under management. Apicil is the fourth-largest social protection group in France engaged in health and life insurance, pensions, savings products, and related financial services.

Antonio Corpas, CEO of OneLife, stated: “Apicil’s financial strength, leadership position in France, and commitment to Luxembourg are all positive factors in the continuing cooperation of our business as a key provider of global wealth solutions for an international clientele.”