NN Group News

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 …

Aviva Pushes Back Deadline for Final Offers for Polish Operations: Sources

LONDON – Aviva has pushed back the deadline for final offers for its Polish operations to late March as the British insurer is still haggling with Spanish lender Santander over the renewal of a key distribution agreement in Poland, sources …

Activist Hedge Fund Elliott Investment Builds Stake in Dutch Insurer NN Group

Elliott Investment Management, U.S. billionaire Paul Singer’s activist hedge fund firm, has built up a 3.04% stake in Dutch insurer NN Group, a filing by the Dutch financial regulator AFM showed on Thursday. Elliott’s move sent NN Group shares up …

Dutch Insurer Weighs Cutting Cover for Gambling, Arms, Nuclear Power

Europe’s biggest insurers refuse to sell policies to coal miners and arms producers. A Dutch firm may go further by denying coverage to gambling companies and nuclear-power generators. The asset-management arm of ASR Nederland NV already has a list of …

Legacy Acquirer R&Q Buys UK’s Nationale-Nederlanden Internationale Schadeverzekering

Randall & Quilter Investment Holdings Ltd. announced it has completed the acquisition of the entire issued share capital of UK-based Nationale-Nederlanden Internationale Schadeverzekering SE (NNIS) from its owners NN Group. NNIS was transferred from the Netherlands to the UK in …

Dutch Insurer NN Group Quits Tobacco Investments

Dutch insurer NN Group will no longer invest in the tobacco industry and said on Thursday it aims to divest all tobacco-related holdings on its own accounts and in the funds of its asset manager within a year. NN’s step …

Technology Is Ultimate Savior of Insurance Industry: Opinion

Insurance companies are running out of ideas. They’ve bolstered their balance sheets since the financial crisis but have few racy growth prospects in a world of low interest rates, pricing pressure and regulatory hassles. Big mergers may be the most …

Opinion: Does an Allianz-Generali Merger Make Sense? Perhaps Not…

The last time Italian insurer Assicurazioni Generali SpA was rumoured to be in play, the supposed bidder, France’s AXA SA, said such a costly and complex deal would “make no sense at all.” This time, the interest comes from an …