• BPCE agreed to acquire life insurer GamaLife from Apax Funds through BPCE Assurances.
• The deal would be BPCE Assurances’ first acquisition outside France, expanding bancassurance in Portugal through novobanco’s distribution network.
• GamaLife generated EUR 475 million in gross premiums in 2025, managing EUR 7.5 billion in assets.
• Portugal is GamaLife’s main market, where it ranks eighth in life insurance with approximately 4% market share by annual premiums.
• Completion could occur in the first half of 2027, with a marginal impact on the group’s CET1 ratio.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BPCE SA published the original content used to generate this news brief on November 03, 2026, and is solely responsible for the information contained therein.