Allianz to acquire collective pension portfolio from Scildon.

Allianz, a global provider of insurance and financial services, agreed to acquire collective pension portfolio from Scildon, a Dutch insurer. Financial terms were not disclosed. “This acquisition fits in with our ambition to further grow our Life portfolio. With this acquisition, we are strengthening our collective pension proposition in the Dutch market. We have been growing very strongly for a number of years and with this acquisition we underline our determination to continue building on that successfully. We are already looking forward to welcoming this new group of employers and participants to Allianz together with the advisors involved," Claudia Max, Allianz Benelux Regional CEO.