Allianz Belgium to acquire insurance activities from Mensura
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Allianz Belgium and the Board of Directors of Mensura CCA (Caisse Commune d'Assurances) have reached an agreement for Allianz Belgium to acquire the insurance activities of Mensura CCA and its subsidiary Mensura Assurances SA.
Munich, Jun 19, 2012
Allianz Belgium and Mensura CCA have been working together on a commercial basis for several years in the field of worker’s accident insurance. With this acquisition Allianz Belgium would complete its range of products for the self-employed, SMEs and large companies with worker's accident insurance, enabling it to provide full service to brokers and clients of Allianz Belgium. Furthermore, with this acquisition the policyholders of Mensura would enjoy the stability of a world leader in insurance.
The acquisition is subject to approval at the General Meeting of Mensura CCA's members as well as by regulatory and competition authorities.
About Allianz Belgium
In Belgium, Allianz is a main market player in P&C and Life business (Investment and Protection). Through the distribution channel of the insurance brokers, Allianz offers a wide range of services to private individuals, the self-employed, SMEs and large companies. Allianz Belgium has more than 1,000 employees and its gross premium income exceeded EUR 1.6 billion in 2011. It is at the third place in the ranking of the companies working through the intermediary of Belgian insurance brokers.
About Mensura CCA
Mensura CCA is a mutual insurer specialized in worker’s accident insurance. It has some 160 employees, its premium income reached 136 million euros, and its gross technical reserves amounted to 967.4 million euros at the end of 2011. Mensura CCA has a market share of 14 percent, ranking third in Belgium among worker’s accident insurance providers in the private sector, and has more than 30,000 companies in its client portfolio.
- Investor Relations Release (PDF, 15 KB)