Netherlands News

Aon Completes Acquisition of Dutch Broker Unirobe Meeùs Groep

Aon Groep Nederland announced it has completed its acquisition of Unirobe Meeùs Group (UMG) from Aegon for €295 million (343.4 million). The acquisition encompasses the whole of Unirobe Meeùs Group, said Aon, noting that on completion Aon will be the …

Dutch Insurers & Banks Warned to Account for Risks of Climate Change

Banks, insurers, and other financial institutions must do more to take into account the risks posed by climate change to their business, a Dutch Central Bank study said. As global warming increases the risk of extreme weather events, regulators are …

Generali Plans to Sell Dutch Operations, Sources Say

Italy’s biggest insurer Generali has hired BNP Paribas to sell its Dutch business as part of a plan to cut costs in weaker markets and boost profits, sources told Reuters. Generali, which generates most of its revenues and earnings in …

NN Group Agrees to Acquire Dutch Insurer Delta Lloyd for $2.6B

NN Group NV agreed to buy Delta Lloyd NV for about 2.5 billion euros ($2.6 billion) after its earlier offer for the Dutch insurer was rejected. NN offered 5.40 euros a share in cash for Amsterdam-based Delta Lloyd, the companies …

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 …

Delta Lloyd to Raise $226M with Sale of Stake in Van Lanschot

Delta Lloyd NV may raise as much as 198.4 million euros ($226 million) through the sale of its stake in wealth manager Van Lanschot NV after shares were priced at 16 euros apiece. The offering size was 180 million euros …

Delta Lloyd to Sell 30.2% Stake in Wealth Manager Van Lanschot to Raise Capital

Delta Lloyd NV started selling its entire 30.2 percent stake in wealth manager Van Lanschot NV as part of the insurer’s plan to boost capital. A total of 11.3 million existing depository receipts of Van Lanschot are on sale at …

Dutch Insurer NN Group Plans to Buy Back Shares Worth $559 Million

NN Group NV, the second-biggest Dutch insurer, said it will buy back as much as 500 million euros ($559 million) of shares over the 12 months from June as it returns excess capital to investors. First-quarter operating profit was little …

Aegon, Transamerica Owner, Sells $4.4B UK Annuity Portfolio to Legal & General

Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., divested the final 3 billion pounds ($4.4 billion) of annuities from its U.K. portfolio to Legal & General Group Plc. The transaction, which covers 27,000 policyholders, will release another 275 …

Delta Lloyd’s Solvency II Ratio Declines to 127% on Fall in Interest Rates

Delta Lloyd NV, the Dutch insurer that last month completed a rights offer to shore up its capital buffers, said its ability to absorb losses weakened in the first quarter. The Solvency II ratio, a measure of an insurer’s strength …