Allianz has agreed to acquire the economic p.c portfolio of
Aegon within the Netherlands.
information of the transaction had been not disclosed.
Allianz’s p.c marketplace share inside the Netherlands
will upward thrust from 4.4 percent to 5.zero percent with this transaction,
said Allianz, including that about 70 personnel worried in handling the
portfolios will switch to Allianz.
This portfolio has
components: the energetic industrial portfolio with a complete extent of
approximately 90 million euros ($ninety six million) and two run-off
portfolios: legal agents and co-coverage.
Strengthening Footprint
Allianz strengthened its presence in Benelux
at quit of 2012 via integrating Allianz Belgium,
Allianz Luxemburg and Allianz Netherlands
into Allianz Benelux. The company stated this became essential to make
full-size investments viable in the Benelux marketplace,
that is the fourth largest market in Europe.
“the acquisition is in step with our strategic dreams in
Benelux and substantially strengthens Allianz’s role within the Dutch
commercial marketplace,” said Sergio Balbinot, member of the Allianz SE board
of control answerable for insurance Western & Southern Europe; middle East,
Africa and India.
Phased Integration
In general more than 60,000 business clients of Aegon will
switch to Allianz, which goals to minimize the impact of the transaction for
clients and agents. “The employees of Aegon play a key element, bringing their
carrier information and consumer information to Allianz,” said the assertion
from Allianz.
Sjoerd Laarberg, CEO Allianz Netherlands,
said: “With this acquisition, we develop in our core market segment, we beef up
our function in the broker channel and we welcome a dedicated and knowledgeable
group of new colleagues.”
tailor-made to the commercial phase, from self-hired to
massive corporates, Allianz offers a big range of answers, in near cooperation
with its dealer network, the company stated.
further to the commercial p.c market, Allianz within the Netherlands
is active in existence and disability insurance and has a sturdy marketplace
positon in motor insurance.
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