BPCE Assurances signs memorandum of understanding to acquire insurer GamaLife

BPCE Assurances has signed a memorandum of understanding with Apax Partners to acquire GamaLife, a life insurance company. This acquisition aims to enhance BPCE's bancassurance model in Portugal, following its previous purchase of Novo Banco. The move aligns with BPCE's strategic plan, "Vision 2030."