Wealth Assurance Holdings Ltd. – Acquisition Notice

Hamilton, Bermuda – 25 November, 2014 - Wealth Assurance Holdings Ltd. (the “Company” or “Wealth-Assurance”; Ticker: WAH.BH) announces that it has completed its acquisition of 100% of Valorlife Lebensversicherungs-AG (“Valorlife“) from an affiliate of Vaudoise Assurances Holdings, SA.  The closing of the transaction follows receipt of all necessary regulatory approvals.

Valorlife is a leading European specialized life insurance company focused on European markets, and offers tailor-made life insurance solutions to high net worth clients. Valorlife‘s total balance sheet assets as of December 31, 2013 amounted to CHF 4.5 billion (or approximately US$4.8 billion). After giving effect to the acquisition, consolidated group balance sheet assets are in excess of CHF 6 billion.

Founded by Vaudoise in 1998, Valorlife is headquartered in Liechtenstein and operates a licensed branch office in Dublin, Ireland, together with representative offices in Lugano, Switzerland. The dual locations in Liechtenstein and Ireland give Valorlife access to the EU marketplace under the “Freedom to Provide Services” provisions of the EU Life Directives and provides full access to the entire European Economic Area (the “EEA”) and Switzerland.

The insurance businesses of Wealth Assurance and Valorlife are substantially similar strategies and product lines. Management believes they are highly complementary.

The Company’s insurance products are distributed through fiduciaries, private banks, asset managers, and independent financial advisors. The Company’s business model is to develop long-term profitable relationships with its intermediaries.

 “We expect to bring innovation to our partners’ diverse businesses, which range from international tax planning practices, fiduciaries, private banks and wealth managers. They are the vital bridge to the policyholder and it is their advice, knowledge and service that make our business possible. We intend to embrace our mutual reliance toward being the very best partner we can be,” said Hugh Dunkerley, President. “We are deeply committed to our policyholders and serving their wealth and estate planning needs. We expect to bring new financial solutions to the market place, in a market that we believe demands continued evolution and adaption.”

Valorlife intends to expand its life insurance business in existing markets and to begin to serve new important growth markets in South American and Asia. A China-focused strategy is under development.

Deloitte acted as financial advisor to Vaudoise in the transaction.

About Wealth Assurance Holdings, Ltd.

Wealth Assurance Holdings, Ltd. was established in 2013 to acquire Wealth-Assurance AG from Signal Iduna AG, the leading $80 billion German mutual insurance group. Wealth-Assurance is a European Union centric life insurance carrier focused on the sale of life insurance and unit-linked insurance, or private placement life insurance (“PPLI”). Wealth-Assurance policies are used as a wealth management and estate-planning tool that offer compliant tax deferral, asset protection and generation planning, and are exclusively made available to clients with fully declared assets. With the acquisition of Valorlife, the group is the largest active life insurance company headquartered in Liechtenstein.

About The Vaudoise Insurance Group

Vaudoise Insurance is the only independent, private, multi-line insurance company with a decision-making centre in French-speaking Switzerland. It is one of the top ten private insurers on the Swiss market. Established in 1895, the Group is active in all fields of insurance and pensions. Our agencies provide a service characterised by customer-closeness, both in giving advice and settling claims. The group employs some 1,500 staff, including about a hundred apprentices. Vaudoise Insurance Holding SA is quoted on SIX.

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