News

AMSTELVEEN, Netherlands - Athora Holding Ltd. (“Athora”), an insurance and reinsurance group focused on Europe, announces that it has received the requisite Declaration of No-Objection (“DNO”) from De Nederlandsche Bank (“DNB”) for its acquisition of VIVAT N.V. (“VIVAT”) from Anbang Group Holdings Co. Limited (the “Transaction”). This means that final closing of the Transaction is expected in early April 2020 (“Closing”). NN Group (“NN”) has also received a DNO from DNB in relation to its follow-on acquisition of VIVAT Schadeverzekeringen N.V. (“VIVAT Non-Life”). 

PEMBROKE, Bermuda - Athora Holding Ltd. (“Athora”), a specialised life insurance group focused on Europe, has today announced the completion of a €1.8 billion capital raise from new and existing shareholders in connection with our pending acquisition of VIVAT N.V. (“VIVAT”), which is subject to regulatory approval. This is Athora’s second capital raise since its inception in 2018, when €2.2 billion of equity was raised, and brings the total committed equity capital to €4 billion. This additional capital will be used to support the acquisition of VIVAT, to provide ongoing support for Athora’s insurance subsidiaries and to continue to develop Athora in Europe.

BRUSSELS, Belgium – Athora Holding Ltd. (together with its subsidiaries, “Athora” or the “Company”) announced today that it is to sell the entirety of the non-life business of its subsidiary, Athora Belgium SA/NV (“Athora Belgium”), to Baloise Belgium NV (”Baloise Insurance”), a subsidiary of Baloise Group (“Baloise”) for €60 million (with no transfer of Shareholders’ Own Funds) (the “Sale”). Baloise Insurance will be acquiring more than 360,000 insurance policies and approximately 160 employees. The Sale is expected to close in the second quarter of 2020, subject to regulatory approvals.

WIESBADEN, Germany — Athora Lebensversicherung AG (“Athora Leben“) is raising the surplus participation for life policies in the coming year to a total interest rate of 2.75 percent.

AMSTELVEEN, Netherlands - Athora Holding Ltd. (“Athora”) and VIVAT N.V. (“VIVAT”) announce the intention of Athora to acquire VIVAT from Anbang Group Holdings Co Ltd. (“Anbang”). NN Group (“NN”) will become the new owner of VIVAT Schadeverzekeringen N.V. (“VIVAT Schade”) as soon as possible following the closing of the acquisition by Athora. Athora will retain VIVAT’s life and asset management businesses. This transaction will result in stronger propositions in the respective life and non-life markets in the Netherlands, enhance customer offerings and deliver fresh capital to the Dutch insurance market.