NN Group News

Dutch Insurer NN Group’s H1 Profit Slips on Impact of Storm Claims

NN Group’s core profit fell 12.1% year-on-year in the first half of 2022, the Dutch insurer said on Thursday, citing the impact of weather events and the sale of its asset management arm. Operating profit came in at 983 million …

Dutch Insurer NN Group Expects to Accelerate Exit From Coal Investments

DAVOS, Switzerland – NN Group NV expects to accelerate its deadline to exit coal investments, now set at 2030, due to fears about Europe reverting to burning the fossil fuel, the Dutch insurer’s CEO David Knibbe said on the sidelines …

Financial Services Firms Face Disclosure Requirements for Biodiversity Investments

DAVOS, Switzerland – Financial firms already struggling with climate-compliance due to unclear measurement metrics will soon face new disclosure requirements for biodiversity, or nature-related, investments. “Nature is a financial risk for business,” Elizabeth Mrema, co-chair of the Taskforce on Nature-related …

Goldman Sachs to Buy Asset Management Arm of Insurer NN Group for Nearly $2B

AMSTERDAM – Goldman Sachs said on Thursday it will buy Dutch insurer NN Group’s asset management arm for around 1.7 billion euros ($1.98 billion) in the biggest acquisition by the U.S. company since David Solomon became chief executive in 2018. …

Zurich Insurance Reports Strong Surge in Earnings as COVID-19 Impact Eases

Zurich Insurance Group’s on Thursday joined other big European insurers in reporting a strong rebound in earnings as the impact from COVID-19 on their businesses eased. Buoyant markets along with higher policy sales helped the insurers’ profits to roar back …

NN Group to Acquire MetLife’s Polish and Greek Businesses for $693 Million

Dutch insurer NN Group announced on Monday it has agreed to acquire MetLife’s business activities in Poland and Greece, for a total consideration of €584 million (US$692.8 million). The acquisition, which will almost double NN’s customer base in Poland and …

Dutch Insurer NN Group Offers to Buy Part of MetLife’s European Businesses

NN Group NV offered to acquire part of MetLife Inc.’s businesses in Europe, saying the move is in line with its strategy to consolidate leading positions in attractive growth markets. The Dutch insurer said in a statement Sunday that it …

UBS, DWS Move to Submit Final Bids for NN Group’s Asset Management Arm: Sources

UBS and German asset manager DWS are pressing ahead with final bids for the asset management arm of NN Group after Europe’s biggest insurers pulled out of the auction, three sources familiar with the deal told Reuters. Prudential Financial Inc …

Generali Drops Out of Race to Buy NN’s Asset Manager Arm: Sources

Italy’s top insurer Assicurazioni Generali has dropped out of the race to buy the asset management arm of Dutch rival NN Group NV, two sources familiar with the matter told Reuters. Generali and Deutsche Bank’s asset management unit DWS were …

Generali, Allianz Are Among Suitors for NN Group’s Asset Manager Arm: Sources

DWS Group and Assicurazioni Generali SpA are among suitors that submitted initial bids this week for the asset management arm of NN Group NV, people familiar with the matter said. The unit, known as NN Investment Partners, has separately attracted …