Urgent.News

What's breaking now, across thousands of outlets.

Business

Zurich increases its pot by 26% to reward Sabadell

La aseguradora suiza tiene una provisión de 36 millones para recompensar al banco si se cumplen objetivos. Leer

Translated from Spanish Read in Spanish

Zurich increases its pot by 26% to reward Sabadell

Zurich Vida has set aside €36.4 million to pay Sabadell, its bancassurance partner in Spain. The payment is tied to meeting certain business objectives and is part of a 2014 agreement. The amount, known as an "ear out," represents a 26% increase from the previous year. Sabadell may receive the payment this year if conditions are met, and the two companies' joint venture, Bansabadell Vida, saw a 122.7% increase in business in 2025.

Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at expansion.com →

More in Business

More from Tuesday 15 September →