Dutch insurer Achmea is reportedly mulling a potential sale of its Pension & Life Insurance arm, as per a new report from Reuters.
Citing people familiar with the matter, Reuters explained that Achmea is working with bankers at JP Morgan to gauge possible interest in its life insurance business, which could be worth more than $2.15 billion.
According to the report, early discussions are underway with the likes of NN Group and Apollo Global Management-backed Athora, though there is no certainty that a transaction will materialise.
People familiar with the matter said that besides NN Group and Athora, Achmea is also looking to alternative asset managers with existing insurance platforms, such as Canada’s Brookfield.
Quoting another source, Reuters noted that Achmea is additionally considering different deal structures, such as an outright sale or a joint venture with a partner.
