German state-owned insurance group Provinzial NordWest completed the merger with Provinzial Rheinland, which provides insurance services in Germany. Financial terms were not disclosed. "I am very happy that the two Provincial Groups have found a good compromise after a hard struggle, with which, in my opinion, both sides can live very well. The merger would create a top 10 insurer with a premium volume of over $6.8bn," Wolfgang Breuer, Provincial NorthWest Manager.