M&A Deal Summary

Athora Holding Acquires Athora Netherlands

On June 7, 2019, Athora Holding acquired insurance company Athora Netherlands from Anbang Insurance Group

Acquisition Highlights
  • This is Athora Holding’s 2nd transaction in the Insurance sector.
  • This is Athora Holding’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2019-06-07
Target Athora Netherlands
Sector Insurance
Buyer(s) Athora Holding
Sellers(s) Anbang Insurance Group
Deal Type Divestiture

Target

Athora Netherlands

Amstelveen, Netherlands
Athora Netherlands is a Dutch insurer that consists of a large number of well-known insurance brands: Zwitserleven, Reaal, Reaal Dier & Zorg, nowGo and the responsible asset manager ACTIAM. The company spreads its business over all the major subsectors of the insurance market, and leads the market for term life insurance products. Athora Netherlands was formed in 2014 and is based in Amstelveen, Netherlands.

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Buyer(S) 1

Buyer

Athora Holding

Pembroke, Bermuda
Category Company
Founded 2014
Sector Insurance
DESCRIPTION

Athora Holding is a Bermuda-based insurance and reinsurance group established to be specialist solutions provider for the European insurance market. Athora Holding was founded in 2014 and is based in Pembroke, Bermuda.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-18 Generali Belgium S.A.

Brussels, Belgium

Generali Belgium S.A. is a provider of an insurance solutions to retail and corporate clients through a network of over 1,000 independent brokers. Generali Belgium was founded in 1901 and is based in Brussels, Belgium.

Buy €540M

Seller(S) 1

SELLER

Anbang Insurance Group

Chaoyang, China
Category Company
Founded 2004
Sector Insurance
DESCRIPTION

Anbang Insurance Group is one of the comprehensive groups companies in insurance business of China, presently provides services of property insurance, life insurance, health insurance, asset management, insurance sales agent and insurance broker.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Divestiture) 2 of 2
Country (Netherlands) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 Fidelity & Guaranty Life Insurance

Des Moines, Iowa, United States

Fidelity & Guaranty Life Insurance Co. is a provider of professional and advanced life insurance and annuity products in the US market. With Anbang’s long-term, diversified global investment strategy and globalized, comprehensive financial services platform, Fidelity & Guaranty Life Insurance Company will become even more competitive in the market by providing more products and professional services to its clients.

Sell $1.8B
Mergr

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