What Medvida Partners does

Medvida Partners is a Madrid-based, privately held life insurance consolidation platform registered and supervised by the Spanish Directorate General of Insurance and Pension Funds (DGSFP). The company specializes in acquiring, integrating, and optimizing closed books of life insurance savings, annuity, and with-profits portfolios from European insurance companies seeking to divest non-strategic blocks, free capital, or refocus on core business lines under Solvency II. Following the December 2022 acquisition of CNP Partners from CNP Assurances and the January 2024 merger with Mediterráneo Vida, Medvida Partners manages approximately €3.5 billion in assets and operates across Spain and Italy with a 203% solvency ratio and €208 million in solvency own funds.

The company operates a hybrid B2B/B2C model: on the institutional side it acquires portfolios directly, through shareholdings, portfolio transfers, or reinsurance; on the retail side it serves individual policyholders holding savings insurance, unit-linked investment insurance, individual pension plans, and employment pension plans. Revenue is generated through insurance premium income, investment returns on the managed asset base, and policy administration fees. The product line includes the Inversion Libre and Inversion Plus unit-linked series (each with multiple risk profiles), Fenix UL, Inversion Horizonte UL, Cartera Activa, Capital Protegido, Diaphanum, and Sego Activos products, plus traditional savings insurance and pension plans. Distribution operates through multiple channels including bancassurance, insurance brokers, mediators, and digital channels inherited from the CNP Partners acquisition.

The platform is backed by a consortium of institutional investors led by Nazare Capital (a specialist life insurance investor and founding shareholder of Catalina Holdings) and Elliott Advisors (UK), with €51 million in subordinated debt issued in 2022 to fund growth. The senior leadership team draws on prior executive experience at VidaCaixa, Aegon Spain, Mutua Madrileña, BNP Paribas, Clifford Chance, and the former head of the DGSFP. Notable completed transactions include the CNP Partners acquisition (approximately €5 billion in investments), the Metrópolis life insurance with-profits portfolio transfer (the first such transfer between unrelated Spanish entities), and the Sa Nostra Vida run-off portfolio from VidaCaixa (nearly 30,000 policies transferred within ten months of signing).

Name

Medvida Partners

Legal name

MEDVIDA PARTNERS DE SEGUROS Y REASEGUROS, S.A. (SOCIEDAD UNIPERSONAL)

Website

https://medvidapartners.es

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Medvida Partners is a Madrid-based, privately held life insurance consolidation platform that acquires, integrates, and optimizes closed life insurance portfolios from European insurers across Spain and Italy, managing approximately €3.5 billion in assets under DGSFP supervision.

Ownership category

akta.pro rank

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premium Revenue: MEDVIDA Partners generates revenue from managing life insurance savings and annuity portfolios. The company collects premiums from policyholders and earns investment returns on the managed assets.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Medvida Partners is a Spanish life insurance consolidation platform that acquires, integrates, and optimizes closed and run-off life insurance portfolios from European insurers. The company underwrites and services life savings insurance (Seguros de Ahorro), investment-linked unit insurance (Seguros de Inversión) organized into Inversion Libre and Inversion Plus series, and individual and employment pension plans. Following the 2022 acquisition of CNP Partners and the 2024 merger with Mediterráneo Vida, it manages approximately €3.5 billion in assets across Spain and Italy.

Product overview

MEDVIDA Partners is a Spanish life insurance consolidation platform offering a comprehensive portfolio of life insurance products. The company operates two core product lines: traditional Savings Insurance (Seguros de Ahorro) and Investment Insurance (Seguros de Inversion), alongside various Pension Plans. The primary investment offering consists of Unit Linked products organized into two main series: Inversion Libre and Inversion Plus, each available in multiple variants (CD, I through V) offering different investment profiles (guaranteed interest, conservative, moderate, dynamic). Additional specialized products include Fenix U.L., Inversion Horizonte UL, Cartera Activa, Capital Protegido, Diaphanum, and Sego Activos. The company also manages individual and employment pension plans for retirement savings.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings Insurance (Seguros de Ahorro) Life savings insurance products that provide guaranteed returns and capital protection for individual policyholders holding acquired life savings portfolios.
• Investment Insurance (Seguros de Inversión) Unit-linked investment insurance products that allow policyholders to allocate investments across various fund options with different risk profiles, organized into the Inversion Libre and Inversion Plus series.
• Assured Pension Plans (Planes de Previsión Asegurada) Guaranteed pension plans providing long-term savings and retirement protection for individual policyholders.
• Individual Pension Plans (Planes de Pensiones Individuales) Individual retirement savings plans for personal pension accumulation, administered for policyholders.
• Employment Pension Plans (Planes de Pensiones de Empleo) Company-sponsored pension plans for employee retirement benefits, administered by Medvida Partners.
• MEDVIDA Partners Inversión Libre (Unit Linked Series) Series of unit-linked investment insurance products offering multiple investment profiles including guaranteed interest, conservative, moderate, dynamic, and access to various funds including DWS, Vanguard, AZ Valor, Magallanes, and True Value.
• MEDVIDA Partners Inversión Plus (Unit Linked Series) Series of enhanced unit-linked investment products with profile options and fund selections spanning DWS, Vanguard, AZ Valor, Magallanes, and True Value.
• MEDVIDA Partners Fénix U.L. Unit-linked investment product with its own basket of underlying investments.
• MEDVIDA Inversión Horizonte UL Unit-linked investment product with a defined investment horizon strategy.
• Seguro de Vida Cartera Activa Life insurance product with active portfolio management.
• Seguro de Vida Capital Protegido Unit Linked Capital-protected unit-linked life insurance product.
• Unit Linked Diaphanum Unit-linked product offering access to M&G Optimal Income Fund, Groupama Tresoreria, PIMCO Income, and global trends basket.
• Unit Linked Sego Activos Unit-linked product offering Sego Global Arriesgada and Sego Tecnologia fund options.
• Life Insurance Portfolio Consolidation Services B2B service for European insurance companies seeking to divest non-strategic life insurance portfolios via direct acquisitions, shareholdings, portfolio transfers, or reinsurance, enabling divestors to focus on core business, improve return on equity, and optimize risk profiles and capital consumption.

Quantifiable outcome

• Solvency ratio of 203% at year-end 2025 without transitional measures
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• MetrópoliscoreOthersMetrópolis ceded its life insurance portfolio to MEDVIDA Partners as part of its corporate restructuring to focus on brokerage, asset management, and real estate businesses. This was the first transfer of life insurance savings with-profits portfolios between unrelated entities in Spain.
• VidaCaixacoreOthersVidaCaixa transferred a run-off portfolio of nearly 30,000 life insurance policies to MEDVIDA Partners. The policies formed part of the insurance business of Sa Nostra Vida, acquired by VidaCaixa in November 2022.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• SCOR: French global reinsurer with a dedicated Life Solutions business that acquires or reinsures life portfolios in Europe. Comparable as a counterparty or competitor in Medvida's deal sourcing universe.
• Munich Re: Global reinsurance leader with significant life reinsurance operations in Europe. Frequently participates in closed-block transactions and provides competitive reinsurance-based alternatives to Medvida's acquisition model.
• Swiss Re: Leading global reinsurer active in life and health reinsurance in Europe. Comparable to Medvida as both a potential reinsurance counterparty and a competitor for closed life insurance portfolios.
• Aviva plc: Major UK-headquartered life and general insurer with European operations including Spain and Italy. Medvida board member Ignacio Izquierdo previously served as CEO of Aviva Italy and Spain, evidencing close industry overlap; Aviva could be both a seller of portfolios and a competitor.
• RGA (Reinsurance Group of America): Major global life reinsurer that routinely takes on closed blocks of life insurance business via reinsurance and portfolio acquisitions. Operates at much larger scale than Medvida and competes for the same transaction pipeline.
• CNP Assurances: French life insurance group that sold its Spanish subsidiary CNP Partners to Medvida in 2022. While not a consolidator in the same niche, it is a relevant counterparty as a major European life insurer that periodically divests non-core portfolios.

Direct peers

• Chesnara plc: UK-listed life insurance consolidator managing closed books in the UK, Netherlands, and Sweden. Uses a similar strategy of acquiring closed life and pension portfolios to deliver stable shareholder returns, with comparable AUM scale and consolidation focus.
• Catalina Holdings: Bermuda-based global life insurance run-off consolidator. Directly comparable as both companies pursue closed-book acquisitions of life insurance portfolios; Medvida board member Santiago Corral is a founding shareholder of Catalina, evidencing deep strategic overlap.
• Athora Holding: European life insurance consolidation platform backed by Apollo, focused on acquiring and reinsuring life insurance portfolios across Europe. Operates the same buy-and-optimize model as Medvida at a larger scale, making it a direct strategic peer.

Regional players

• VidaCaixa: Spain's largest life insurer and part of CaixaBank group. Previously a counterparty that transferred the Sa Nostra Vida run-off portfolio to Medvida, and operates as a large incumbent life insurer in Medvida's primary Spanish market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/medvida-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Medvida Partners