Articles by Maya Nikolaeva, Toby Sterling and Alexander Hübner

EU Countries Give Guarantees to Credit Insurers to Prevent Coverage Cuts

European Union states are giving guarantees to credit insurers in a bid to keep coronavirus-hit companies afloat, as some firms cut cover for trade involving bloc members such as Italy and Spain, sources said. Without insurance, companies can be reluctant …

220,000 Dutch, English Consumers Sue VW Over Diesel Fraud

Around 220,000 car drivers in the Netherlands, England and Wales joined forces on Tuesday in what could become a pan-European lawsuit against German carmaker Volkswagen seeking compensation over its “dieselgate” emissions scandal. UK law firm Harcus Sinclair and Dutch Foundation …

Dutch Insurer NN Group Launches Bid to Buy Delta Lloyd for €2.4B

NN Group NV, the largest Dutch insurer by market capitalization, has launched an unsolicited offer to buy smaller rival Delta Lloyd NV for 2.4 billion euros ($2.7 billion) in cash. NN Group said on Wednesday it was offering to pay …

Update: Delta Lloyd Rejects Demand from Top Shareholder to Delay Rights Offer

Delta Lloyd swiftly rejected a demand from top shareholder Highfields Capital to postpone a vote on a 650 million euro ($706 million) rights issue the Dutch insurer says is the only way it can comply with new European capital requirements. …

Dutch Government Plans to Float ASR, Former Fortis Insurance Unit

The Dutch government plans to float ASR Nederland, a former insurance arm of the Belgian financial group Fortis, next year rather than try to find a buyer for the business. ASR, a life and property insurer, reported a book value …

Dutch Court Rules Gas Producer NAM Must Compensate Quake Zone Homeowners

A Dutch court ruled on Wednesday that gas producer NAM must compensate homeowners for falls in the value of their properties due to earthquakes linked to gas production at the Groningen field in the north of the Netherlands. The ruling …