Zurich Yasam to acquire NN Hayat ve Emeklilik from NN Group.

Zurich Yasam, a Turkish subsidiary of Zurich Insurance Group, agreed to acquire NN Hayat ve Emeklilik, a NN Group subsidiary providing pension, life insurance, and complementary health insurance products in Turkey, from NN Group, an insurance and investment management company. Financial terms were not disclosed. "The decision to sell our Turkish operations is the result of a thorough process. After careful consideration, we concluded that a divestment of our Turkish activities would be in the best interest of our local customers, employees, and other stakeholders. We are confident that Zurich Türkiye is well positioned to further develop the Turkish business by increasing its scale and overall market position," Frank Eijsink, NN International Insurance CEO.