Allianz has announced acquisition
Allianz has announced acquisition of the insurance portfolio of property and casualty Dutch Aegon insurance. This portfolio consists of two parts – an active commercial portfolio with a total volume of about 90 million euros, and there are portfolios of authorized agents and coinsurance. Allianz portfolio in the segment of property and casualty insurance in the Netherlands will grow with this transaction from 4.4 percent to 5 percent. About 70 employees of Aegon will be transferred to Allianz.
Allianz strengthens its position in the Benelux countries, and the process began in late 2012, the integration of Allianz Belgium, Allianz Luxembourg and Allianz Netherlands in Benelux.
“The acquisition is in line with the strategic objectives in the Benelux and significantly strengthens Allianz position on the Dutch market,” said Sergio Balbinot, board member of Allianz SE responsible for the markets of Western and Southern Europe, Middle East, Africa and India.
Otherwise, more than 60,000 commercial customers Aegon will move to Allianz, a crucial objective is to minimize the impact of these transactions for clients and intermediaries. In addition to the property and casualty segment, Allianz in the Netherlands is activein the life insurance and is well placed the insurance of motor vehicles.