Netherlands-based Aegon, a financial services group, announced on Tuesday, July 4, that it has completed the merger of its Dutch pension, life and non-life insurance, banking, and mortgage origination businesses with a.s.r. The company also announced the start of their joint asset management venture.
The merger has been approved by the Netherlands Authority for Consumers and Markets, and De Nederlandsche Bank and the European Central Bank have submitted declarations of no objection.
With the completion of the transaction, a.s.r. will start merging activities. The merger of activities will be carried out in phases and is expected to be completed by 2026 at the latest.
Jos Baeten, CEO of a.s.r., says, “We are moving from two strong, reputable companies to one a.s.r. that is committed to serving all 6.5 million customers, advisers, investors and society at large. I have complete confidence in that.”