Banco Sabadell and Zurich have strengthened their alliance by launching new home and life insurance products. Both entities have a joint venture (joint ventureEstablished 17 years ago, the insurer was one of those that supported the Vallès-based bank in BBVA's takeover bid. After BlackRock, plus one financial investor, the insurance group is the bank's largest shareholder, with 4.947%. The current agreement represents a further step in the "joint strategy" and strengthens their alliance "with the launch of new products on the market and the new Zenit product range, to continue expanding its position as a leader in insurance and boost the insurer's strategy of maintaining strong growth through this life and home insurance." The home and life insurance offering launched on the market incorporates new coverages and a new contracting model: a fixed premium for three years, with no increases based on age, claims history, or inflation, and with the option of monthly payments at no extra charge. Strategic Plan

This move by the Catalan bank aligns with its 2025-2027 strategic plan, which positions the insurance business as one of its growth drivers. The roadmap, presented last July, projected insurance growth exceeding 15%, thanks precisely to the alliance with Zurich.

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Zurich Insurance, the second largest shareholder in Banc Sabadell with nearly 5% of the share capital, has expressed its intention not to participate in the hostile takeover bid launched by BBVA, according to Bloomberg.. "The current takeover bid is not an attractive proposition for Sabadell shareholders beyond the company's prospects alone," a spokesperson for the insurer told Bloomberg.

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