NN Group to acquire VIVAT Schade from Athora for €416m.

NN Group agreed to acquire VIVAT Schade, non-life insurance business of VIVAT, from Athora for €416m ($469m). NN Group will seek to obtain all necessary approvals and antitrust clearances as soon as possible. Lard Friese, CEO of NN Group, states: "For us, this acquisition represents a next step in strengthening our non-life business. After the acquisition of Delta Lloyd in 2017, we gained valuable experience in successfully integrating business operations. In today's competitive markets, scale is essential to deliver attractive and sustainable customer propositions in the long-term. Moreover, it increases our ability to invest in digital capabilities and innovation, which are key to anticipating customer trends and drive the customer experience forward."