Invalda INVL creates INVL Life which will seek an insurance company license

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The asset management group Invalda INVL, with a view to completing a transaction to acquire the Baltic activities of Mandatum Life, one of Finland’s largest life insurance companies, has created a new company, INVL Life, which will soon approach the Bank of Lithuania for an insurance company license.

The new company is headed by Rasa Kasperavičiūtė. While the main post of Rasa Kasperavičiūtė remains the manager of the Mandatum Life branch until the transfer of the Lithuanian insurance portfolio to the new company is completed. Rasa Kasperavičiūtė will also be the chairman of the board of directors of the new company. Vytenis Lazauskas, CFO of INVL Asset Management, and longtime employee of INVL Asset Management Martynas Samulionis, Managing Partner of INVL Sustainable Timberland and Farmland Fund II and Chairman of the Investment Committee of INVL Baltic Forest Fund I.

The authorized capital of the new company is currently 3.7 million euros, with plans to increase the amount later.

Following the transaction, INVL Life will take over all of Mandatum Life’s insurance activities in the Baltic States, including the approximately 30,000 clients of its Latvian, Lithuanian and Estonian branches, their insurance portfolio, employees working in Baltic branches, trade agreements, and other assets and liabilities related to branch operations.

Invalda INVL, anxious to offer more choices to its clients and thus strengthen their financial security and general well-being, signed on June 15 an agreement with Mandatum Life Insurance Company Limited relating to the acquisition of the activities of life insurance of this company in the Baltic States, carried out through branches in Lithuania, Latvia and Estonia. The transaction is expected to close by mid-2022, once the Baltic and Finnish supervisory authorities have granted all required licenses and authorizations.

The person authorized to provide additional information:
Darius ulnis
President of Invalda INVL
E-mail [email protected]


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