Menu

Reinsurance News

NN Group completes integration of VIVAT non-life business

4th January 2021 - Author: Matt Sheehan

Following regulatory approval, Dutch insurer NN Group has completed the integration of VIVAT Non-life into its non-life business unit.

nn-group-logoNN Group acquired the VIVAT Non-life business as part of a larger transaction that saw Athora purchase VIVAT N.V. from China’s Anbang Group.

First announced in June 2019, the deal signalled Athora’s entry into the Dutch marketplace.

Now, NN Group has obtained approval from De Nederlandsche Bank (DNB), the Dutch supervisory authority, to execute the legal merger of the acquired VIVAT business into its non-life arm.

As a result of this, VIVAT Non-life ceased to exist and NN Non-life assumed all assets and liabilities of VIVAT Non-life.

Gallagher Re

The legal merger was executed on 31 December 2020 and became legally effective on 1 January 2021.

NN Group is an international financial services company, active in 18 countries, with a strong presence in a number of European countries and Japan.

The Group provides retirement services, pensions, insurance, investments and banking to approximately 18 million customers.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Core Specialty bolsters property division with key hires

Recently-launched specialty insurance carrier Core Specialty has made several key appointments within its property division, led by Alison Oliphant. David Phillips...

Close