NN Group News

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 …

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 Delta Lloyd Rejects NN Group’s Unsolicited €2.4B Cash Offer

Dutch insurer Delta Lloyd NV rejected NN Group NV’s unsolicited 2.4 billion-euro ($2.7 billion) cash offer, saying the financial terms aren’t acceptable and don’t reflect the benefits of consolidation. “NN’s offer substantially undervalues our company,” Delta Lloyd CEO Hans van …

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, Endurance Deals May Herald a Wave of Insurance M&As

NN Group NV and Sompo Holdings Inc.’s approaches for smaller competitors may herald a wave of mergers and acquisitions in an insurance industry that’s struggling with low interest rates and increased regulation. Japan’s Sompo agreed to buy Bermuda-based Endurance Specialty …

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 …

ING Completes Exit From Former Insurer Unit, NN Group, with $1.6B Stock Sale

ING Groep NV sold its remaining stake in NN Group NV at a loss as the Dutch bank completed its drawn-out exit from the insurance business. The bank sold 45.7 million shares, representing a 14.1 percent stake, for about 1.4 …

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 …