Delta Lloyd Group was a Dutch insurer with operations in the Netherlands, Belgium and Germany. It consisted of Delta Lloyd, OHRA, ABN AMRO Verzekeringen and a few minor banks. The company was the sixth-largest insurer in the Netherlands, with a market share of approximately 8% before it was acquired by

NN Group NN Group N.V. is the parent company of NN Investment Partners and Nationale-Nederlanden (). Nationale-Nederlanden is one of the largest insurance and asset management companies in the Netherlands. NN Group is headquartered in The Hague, its off ...

in 2017. Up until the merger, Delta Lloyd was owned by the Dutch foundation Nuts OHRA (5%) and publicly traded (95%). Previously, it had been owned by

Aviva Aviva plc is a British multinational insurance company headquartered in London, England. It has about 18 million customers across its core markets of the United Kingdom, Ireland and Canada. In the United Kingdom, Aviva is the largest general ...

. On 23 December 2016, competitor

reached an agreement to acquire Delta Lloyd for 2.5 billion euro.

History

The earliest predecessor of Delta Lloyd, the ''Hollandsche Societeit van Levensverzekeringen'', was founded in 1807. In 1967, it merged with the ''Amsterdamsche Maatschappij van Levensverzekeringen'' and was renamed ''Delta''. And in 1969, Delta merged with NedLloyd (not to be confused with the shipping company of the same name). In 1973, all shares in Delta were bought by the British firm

Commercial Union Commercial Union plc was a large insurance business based in London. It merged with General Accident in 1998 to form CGU plc. History Commercial Union was established following a conflagration near London Bridge in 1861, known as the Great T ...

(now part of

). In 1999, Delta Lloyd merged with OHRA, the resulting company being renamed to Delta Lloyd Group in 2002. In 2016, Delta Lloyd discontinued as such after being acquired by

Initial public offering

The Delta Lloyd Group officially went public on the NYSE Euronext Amsterdam on 3 November 2009. Delta Lloyd made 38–42% of its shares public, with its major shareholder

reducing its ownership from 92% to 50–54%. Delta Lloyd's other previous shareholder, Nuts OHRA, retained its 8% stake. In July 2012 and January 2013, Aviva sold its stake, making the group 95% publicly traded.

Delta Lloyd Netherlands

Delta Lloyd

Delta Lloyd formed the core of the Delta Lloyd Group. It offered savings accounts, insurance and financial planning.

OHRA

OHRA was formed in 1925 and originally known as ''Onderlinge ziektekostenverzekeringsfonds van Hoogere RijksAmbtenaren'' (Mutual health insurance for senior civil servants).

ABN AMRO Verzekeringen

ABN AMRO Verzekeringen is a joint venture between

ABN AMRO ABN or abn may refer to: Companies * ABN AMRO Group, a Dutch bank group * ABN AMRO, sometimes referred to as "ABN" in shorthand, is a Dutch state-owned bank * Algemene Bank Nederland, a now-defunct Dutch bank Radio, news and television organizat ...

and Delta Lloyd, giving Delta Lloyd the exclusive right to sell insurance through ABN AMRO offices. It had a revenue of €900 million in 2006. For Delta Lloyd, this joint venture represented a vital means of selling insurances.

Delta Lloyd Health Insurance

Delta Lloyd was only a small player in the health insurance market with only 700,000 customers. Originally, Delta Lloyd tried to merge its health insurance division with

Agis Agis or AGIS may refer to: People * Agis I (died 900 BC), Spartan king * Agis II (died 401 BC), Spartan king * Agis III (died 331 BC), Spartan king * Agis IV (265–241 BC), Spartan king * Agis (Paeonian) (died 358 BC), King of the Paeonians * Ag ...

and Menzis, but the deal fell through, thus necessitating Delta Lloyd to sell its health insurance division to CZ Group, effective 1 January 2008.

Delta Lloyd Bank

Delta Lloyd also offered limited banking products, such as savings accounts and mortgages.

Delta Lloyd Belgium and Germany

Delta Lloyd was also active in Belgium and Germany. In Belgium, the company offered life insurance and collective insurance. In Germany, Delta Lloyd stopped signing new contracts in 2010.

References

External links

* {{Authority control Aviva Insurance companies of the Netherlands Companies based in Amsterdam Financial services companies established in 1807 Financial services companies disestablished in 2017 Dutch brands 1807 establishments in the Netherlands Companies formerly listed on Euronext Amsterdam 2017 mergers and acquisitions