AGF Completes Acquisition of Hartford’s Dutch Subsidiary

December 26, 2000

The Hartford has completed the previously announced sale of its Dutch subsidiary Zwolsche Algemeene to AGF, the French arm of Germany’s Allianz, for €599 million ($551 million).

Zwolsche wrote €383 million ($352 million )in gross premiums in 1999, and will add considerable strength to Allianz/AGF’s position in the Dutch p/c market.

When grouped with Royal Nederland, also an AGF subsidiary, the company will become the third largest p/c insurer in the Netherlands, and will also increase the size of its life and health business and its asset management operations.

Was this article valuable?

Here are more articles you may enjoy.