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Pax Sells Majority Stake in Simpego
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Founded in 2016 under the name Dextra Versicherungen, Simpego Versicherungen AG has become an established online insurer, according to a statement released on Wednesday, with gross written premiums of 55,27 million francs.
Pax and the Bayerische insurance group played a leading role as lead investors in building and establishing Simpego.
Over time, Pax gradually increased its stake and most recently held a 61,33 percent majority interest.
«By transferring Simpego to Visana, we are opening a new chapter in the development of this forward-looking online insurer.
The acquisition also ensures continuity while offering Simpego employees new opportunities.