Netherlands-based insurer Achmea is reportedly in early stage talks about potentially selling its life insurance business.
Four people familiar with the matter told Reuters that the company is in early discussions with rivals NN Group and Athora.
The sources say that the company, which is backed by Dutch multinational bank Rabobank, is working with bankers at JP Morgan to determine interest in the life insurance arm.
The company manages over €40 billion in assets mainly from legacy insurance policies and that the business could be worth over €2 billion, according to the news agency's report.
Alongside NN Group and Athora, the insurer its also looking at other firms with insurance platforms, like Canadian company Brookfield.
However, the Holland-based companies have a better chance over other bidders because of their location, said one of the people familiar with the matter.
Latest News
-
TD Bank agrees $3bn settlement over money laundering charges
-
Banked expands Pay to Bank offering in Australia with new acquisition
-
FStech announces first wave of speakers for Cybersecurity Live 2024
-
Only 10% of UK FinTechs driving positive environmental impact, finds Innovate Finance
-
Successful test run puts UBS on track with massive Credit Suisse integration
-
Admiral Group appoints new CEO for UK business
Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.
Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.
Click here to read the 2023 State of the Phish report from Proofpoint.
Click here to read the 2023 State of the Phish report from Proofpoint.
Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.
Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.
 - Purple.png)
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories