NN Group

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This article is about a financial institution. For the user interface firm, see Nielsen Norman Group. For the Cold-War era grouping of European states, see Neutral and Non-Aligned European States.
NN Group N.V.
Websitewww.nn-group.com
www.nn.nl

NN Group N.V. is the parent company of

Gebouw Delftse Poort
, which was the tallest skyscraper in the Netherlands until 2009. Aside from these two offices, the company has an office in Ede (former RVS) but no other main offices in the Netherlands, instead NN mainly relies on independent intermediaries for selling insurance.

On 23 December 2016, NN Group reached an agreement to acquire competitor Delta Lloyd Group for 2.5 billion euro.[1] NN has completed the sale of NN Investment Partners to Goldman Sachs for around EUR 1.7 billion in April 2022.[2]

History

Logo used before 2015

Nationale-Nederlanden was formed in a merger in 1963 between the De Nederlanden van 1845 (The Netherlands of 1845) and the Nationale Levensverzekeringsbank (National Life Insurance Bank). The result of the merger, because of the strong domestic position of Nationale and the international experience of De Nederlanden, was to set the company up for the future. Emerging computerisation was embraced, and other innovation costs were jointly borne by the combined companies. Cooperation strengthened the companies’ experience in group insurance and allowed Nationale-Nederlanden to expand its territory. In 1991 NN merged, this time, with the

mortgages
.

NN Group

During the

IPO.[3]
The split from ING Group was finished in 2016, when it sold all remaining stock in NN Group.

Criticism

In June 2018, the NN Group was criticized by environmental organizations for its investments in tar sands' oil companies and pipelines.[4][5] NN Group reacted by stating that active engagement with the companies delivers more result than divestment from these companies.[6]

See also

References

  1. ^ Belia Heilbron (23 December 2016). "Delta Lloyd stemt in met overnamebod NN Group" [Delta Lloyd agrees with takeover bid NN Group] (in Dutch). NRC Handelsblad.
  2. ^ "NN Group completes sale of NN Investment Partners". 11 April 2022.
  3. ^ "ING announces rebranding of ING Insurance operations to 'NN'". ING Group. 2 October 2013.
  4. ^ Reijn, Gerard (June 19, 2018). "Pensioenbeleggers investeren een miljard in 'vuilste vorm van olie die er is'". de Volkskrant.
  5. ^ "Grote pensioenfondsen beleggen in vervuilende winning teerzanden Canada". NRC. 20 June 2018.
  6. ^ "Pensioenbeleggers investeren ruim 1 miljard in vervuilende oliewinning". www.nu.nl. June 20, 2018.

External links

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