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

New partner for identification platform Verimi

Allianz-New partner for identification platform Verimi
Dec 11, 2017 | Allianz SE

The new European identification, registration and data platform Verimi welcomes further support: Giesecke+Devrient (G+D), world market leader for the validation of payment transactions, identification, connectivity and data becomes a new shareholder. 

More...

Millennials are optimistic pessimists

Allianz-Beware of generation generalizations
Dec 11, 2017 | Allianz SE

For people decidedly glum about the fortunes of their generation, millennials remain incredibly upbeat about their personal prospects, finds an Allianz study on millennials and their work attitudes and expectations

More...

Euler Hermes Rating launches new SME & MidCap Rating Service in France

Allianz-Euler Hermes Rating Launches New SME & MidCap Rating Service in France
Dec 06, 2017 | Allianz SE

Euler Hermes, the world’s leading trade credit insurer, today announced the French launch of TRIBRating, a new rating service specifically designed for SMEs and MidCaps, offered by Euler Hermes Rating. 

More...
More...