ICMIF member Onderlinge ‘s-Gravenhage (OG, Netherlands) has reached an agreement with Nh1816 Verzekeringen (Nh1816) on the acquisition of the life insurance portfolio of Nh1816. OG says this step is in line with its strategy to further expand its life insurance portfolio. In total, this concerns 11,600 funeral insurance policies, a premium volume of EUR 1.6 million and an insured sum of approximately EUR 90 million.

Réseva Engelaer, Financial Director of Onderlinge ‘s-Gravenhage said: “We are happy to welcome the customers of Nh1816 as members of OG. Our mutual philosophy fits in nicely with the cooperative idea of Nh1816. This step is in line with OG’s strategy. We offer individual life insurance and products and services in the areas of living, work and well-being for people in the second phase of life (50+). In addition, we are expanding our portfolio through acquisitions.”

Rémon Chattellon, CFRO at Nh1816 Insurance said: “This strategic decision allows us to focus even more on perfecting our private non-life insurance offering and intermediary support. After careful consideration, we selected Onderlinge ‘s-Gravenhage as the best party to take over our life insurance portfolio. I have every confidence that our policyholders will be in good hands with Onderlinge ‘s-Gravenhage.”