PressNewsFinancialsStakes and investments: Allianz: Acquisition of commercial P&C portfolio from Aegon completed

Allianz: Acquisition of commercial P&C portfolio from Aegon completed

Service & Contacts

Allianz Group Communications
Koeniginstr. 28
80802 Munich
Germany

Contact overview

Receive the latest Allianz news.

Newsletter

Follow Allianz in the social networks:

Facebook
Twitter
Google+
LinkedIn

  • Contact

  • Newsletter

  • Social Media
  • Acquisition officially approved by the Dutch central bank and Dutch Authority for Consumers & Markets

  • Acquisition concerns the active commercial P&C portfolio (some €90 million) and two run-off portfolios

  • Operations transferred to Allianz

 

Allianz SE
Munich/Rotterdam, Jun 29, 2016

The acquisition of Aegon's commercial P&C portfolio by Allianz has been officially approved by the Dutch central bank and Dutch Authority for Consumers & Markets. The portfolio will be transferred Friday 1 July. From then on, Allianz will bear the risk of Aegon’s active commercial P&C portfolio with a premium volume of some €90 million, plus two run–off portfolios. Around 70 Aegon employees who manage these portfolios will transfer to Allianz.

Stronger position in commercial market

Allianz sees this step as a good opportunity to grow in the commercial market. Sjoerd Laarberg, CEO of Allianz Netherlands: ‘We see this day as the starting point for the further expansion of our range of products and services for Dutch businesses and for intensifying our collaboration with brokers. It has been a pleasure working with Aegon these past months and we would like to thank them for their efforts.’ Marco Keim, CEO of Aegon Netherlands: ‘We are pleased with the professional manner in which we have been able to transfer our commercial P&C business to Allianz. Two important goals have been achieved. We have succeeded in offering our customers continuity and giving our employees a new perspective. The focus of our non-life business now lies entirely on income protection insurance and personal non-life insurance.’

Operational continuity

In total, Allianz will take over more than 60,000 commercial customers from Aegon; the employees involved in handling the portfolios will transfer to Allianz as well to ensure operational continuity. Allianz is making every effort to minimise the impact of the acquisition for customers and advisers. The transfer of employees will ensure quality of service, personal contacts and customer knowledge.

Wide range of insurance

In addition to the commercial non-life market, Allianz in the Netherlands also offers life and disability insurance and has a strong position in motor insurance. For the commercial segment, from the self-employed to major corporations, Allianz offers its customers a wide range of solutions.

About Allianz

Allianz is a global leader in insurance and financial services with a presence in over 70 countries and more than 142,000 employees serving more than 85 million customers. In the Benelux, Allianz offers – via advisers – insurance products and services for private individuals, sole traders, SMEs and large companies. Allianz in the Netherlands serves more than 1.3 million customers via distribution partners and Allsecur, its direct writer. In the Netherlands, Allianz has about 1,200 employees and sales of €1.0 billion. In Belgium and Luxembourg, Allianz serves over 1 million customers and has more than 1,000 employees and sales of €2.7 billion.

  Forward Looking Statement disclaimer

As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer:

 

  Press contact

Thomas Atkins
Allianz SE
Phone +49.89.3800-2960
Send email
Paul Moeller
Allianz Benelux
Phone +31 (0) 88 577 1106
Send email

  More at allianz.com

Typhoon Mangkhut: Sound and Fury

Allianz-Typhoon Mangkhut: Sound and Fury
Sep 21, 2018 | Allianz SE

The strength of Typhoon Mangkhut in Asia has shocked even veteran Allianz assessors as they work through the damages. Debris and broken, uprooted trees lay outside. With gale force winds of 173 kilometers (107 miles) per hour and gusts of up to 223 kph (138 mph), Mangkhut was stronger than Hurricane Florence that hit North Carolina recently. 

More...

Allianz to become Worldwide Olympic Insurance Partner

Allianz-Allianz to become Worldwide Olympic Insurance Partner
Sep 18, 2018 | Allianz SE

The International Olympic Committee (IOC) and Allianz announced that the insurer will join the “Worldwide Olympic Partner” (TOP) Programme in 2021. Through this sponsorship agreement, Allianz will work with the IOC to provide innovative and integrated insurance solutions to support the Olympic Movement, including the Organising Committees of the Olympic Games, with the ambition of providing those insurance solutions to the National Olympic Committees around the world and their Olympic teams and athletes. 

More...

Worst Case

Allianz-Water coming over the road during a hurricane
Sep 14, 2018 | Allianz SE

Hurricane Florence has been downgraded to a Category Two storm, but people should still be prepared for severe damage, says AGCS…

More...
More...