Articles by Maud van Gaal

Delta Lloyd Ordered to Dismiss CFO, Fined by Dutch Regulator

Delta Lloyd NV said the Dutch central bank ordered it to dismiss Chief Financial Officer Emiel Roozen by 2016 and fined the insurer for allegedly using confidential information when it cut interest-rate hedges in 2012. The shares plunged the most …

ING to Sell Shares of Former US Insurance Unit, Voya Financial

ING Groep NV plans to sell shares of its former U.S. insurance unit, Voya Financial Inc., reducing the bank’s stake to 19 percent from about 32.5 percent. ING, the biggest Dutch bank, is selling 34.5 million shares in New York-based …

Global Regulators Set Capital Rules for 9 Too-Big-to-Fail Insurers

Nine too-big-to-fail insurers, including American International Group Inc., Allianz SE and MetLife Inc., must start reporting capital ratios next year using a method presented by regulators today. The International Association of Insurance Supervisors has completed drafting “the first-ever global insurance …

Delta Lloyd Drops Plan to Sell Belgian Bank Unit

Dutch insurer Delta Lloyd NV abandoned plans to sell its Belgian bank, saying talks with a would-be buyer fell through on terms including the price. The bank, which is profitable, will now stay part of Delta Lloyd and remain a …

Swiss Re, Munich Re Wade Into Dutch Flood Insurance

The world’s biggest reinsurers, pushed by rising competition in existing markets, are preparing to insure against Dutch floods, a peril that centuries of experience have warned most in the Netherlands against. Swiss Re Ltd., the No. 2 reinsurer, is ready …

ING Gains on Plan to Cut Voya Stake with $1.2 Billion Share Sale

ING Groep NV, the biggest Dutch bank, gained in Amsterdam trading after it said it will reduce its stake in a former U.S. insurance unit, Voya Financial Inc., to about 32 percent by selling about $1.2 billion of shares. ING …

Swiss Re Agrees to Purchase RSA’s Sun Alliance in China

Swiss Re, the world’s second – largest reinsurer, agreed to buy a Chinese unit of RSA Insurance Group Plc as it shifts capital to regions with higher premium growth prospects. The Zurich-based company is buying Sun Alliance Insurance (China) Ltd. …

ING Said to Price Insurance Unit at Midrange in $1.9 Billion IPO

ING Groep NV, the biggest Dutch financial-services company, is likely to price the initial public offering of its European insurance arm at €20 [$27.38], in the middle of its original price range, according to a person with knowledge of the …

ING Seeks as Much as $2.1 Billion from NN Insurance Offering

ING Groep NV, the biggest Dutch financial-services company, is seeking as much as €1.54 billion ($2.1 billion) in the first and what may be only public offering of its European insurance unit. The firm plans to offer 70 million shares …

ING to Sell Shares in NN Insurance Unit as Soon as July

ING Groep NV, the biggest Dutch financial services company, confirmed its plans, first made public last week, to sell shares of its European insurance unit in an initial public offering, which it has now announced could take place as early …