Leidsche Levensverzekeringen Maatschappij N.V., the Netherlands-based life insurance subsidiary of Reinsurance Group of America, Incorporated (RGA - Analyst Report)
has agreed to purchase the life insurance policy portfolio of PGGM
Levensverzekeringen. However, the terms remain undisclosed. - See more
at:
http://www.zacks.com/stock/news/187335/reinsurance-group-arm-to-grow-life-insurance-in-netherlands#sthash.vk5S7FYZ.dpuf
Leidsche Levensverzekeringen Maatschappij N.V., the Netherlands-based life insurance subsidiary of Reinsurance Group of America, Incorporated (RGA - Analyst Report) has agreed to purchase the life insurance policy portfolio of PGGM Levensverzekeringen. However, the terms remain undisclosed.also based in the Netherlands, provides asset management, pension fund management and consultancy services to its institutional clients. Per the closed-block transaction, PGGM will transfer 75,500 life insurance policies to Reinsurance Group.
With the acquisition, the company’s portfolio run-off solutions will find a market in Europe. Plus, Reinsurance Group will benefit from the ‘realignment of the financial services industry’.
Reinsurance Group remains focused on strategic buyouts that strengthen its operations. Recently, the Zacks Rank #3 (Hold) insurer acquired Elite Sales Processing, Inc. in an attempt to bolster its underwriting business in the U.S. In April, the company bought Aurora National Life Assurance Company. Reinsurance Group’s strong liquidity supports its inorganic growth initiatives.
Reinsurance Group holds a niche position in the U.S. and Canada reinsurance markets. Moreover, the company is expanding its international operations to reap the benefits of diversification. It is poised to benefit from the changing life reinsurance pricing environment. Its expanding business in the pension risk transfer market also looks promising.
PGGM,
also based in the Netherlands, provides asset management, pension fund
management and consultancy services to its institutional clients. Per
the closed-block transaction, PGGM will transfer 75,500 life insurance
policies to Reinsurance Group.
With the acquisition, the company’s portfolio run-off solutions will find a market in Europe. Plus, Reinsurance Group will benefit from the ‘realignment of the financial services industry’.
Reinsurance Group remains focused on strategic buyouts that strengthen its operations. Recently, the Zacks Rank #3 (Hold) insurer acquired Elite Sales Processing, Inc. in an attempt to bolster its underwriting business in the U.S. In April, the company bought Aurora National Life Assurance Company. Reinsurance Group’s strong liquidity supports its inorganic growth initiatives.
Reinsurance Group holds a niche position in the U.S. and Canada reinsurance markets. Moreover, the company is expanding its international operations to reap the benefits of diversification. It is poised to benefit from the changing life reinsurance pricing environment. Its expanding business in the pension risk t - See more at: http://www.zacks.com/stock/news/187335/reinsurance-group-arm-to-grow-life-insurance-in-netherlands#sthash.vk5S7FYZ.dpuf
With the acquisition, the company’s portfolio run-off solutions will find a market in Europe. Plus, Reinsurance Group will benefit from the ‘realignment of the financial services industry’.
Reinsurance Group remains focused on strategic buyouts that strengthen its operations. Recently, the Zacks Rank #3 (Hold) insurer acquired Elite Sales Processing, Inc. in an attempt to bolster its underwriting business in the U.S. In April, the company bought Aurora National Life Assurance Company. Reinsurance Group’s strong liquidity supports its inorganic growth initiatives.
Reinsurance Group holds a niche position in the U.S. and Canada reinsurance markets. Moreover, the company is expanding its international operations to reap the benefits of diversification. It is poised to benefit from the changing life reinsurance pricing environment. Its expanding business in the pension risk t - See more at: http://www.zacks.com/stock/news/187335/reinsurance-group-arm-to-grow-life-insurance-in-netherlands#sthash.vk5S7FYZ.dpuf
Leidsche Levensverzekeringen Maatschappij N.V., the Netherlands-based life insurance subsidiary of Reinsurance Group of America, Incorporated (RGA - Analyst Report)
has agreed to purchase the life insurance policy portfolio of PGGM
Levensverzekeringen. However, the terms remain undisclosed. - See more
at:
http://www.zacks.com/stock/news/187335/reinsurance-group-arm-to-grow-life-insurance-in-netherlands#sthash.vk5S7FYZ.dpuf
Read more: Reinsurance Group Arm to Grow Life Insurance in Netherlands - August 21, 2015 - Zacks.com
No comments:
Post a Comment