a.s.r. acquires Veherex
ASR Nederland N.V. (a.s.r.) and Veherex have agreed that a.s.r. will acquire Veherex. Veherex has a portfolio with 35,000 policyholders. With this acquisition, a.s.r. will expand its market position in the field of disability insurance and strengthens its leading role as a provider of integrated sustainable employability solutions.
Veherex provides disability insurance for companies and their employees. Its customers are mainly active in the rail and public transport sectors. Its portfolio also includes affiliated companies, such as an engineering firm extending their service to these sectors. Veherex’s portfolio will be integrated into the Loyalis label.
In 2018, Veherex recorded € 15 million in gross written premiums and the net result amounted to€ 1.4 million. At the end of 2018, Veherex’s Solvency II ratio amounted to 150%. Veherex has 17 companies as customers, including NS (the Dutch railways).
Jos Baeten, CEO of a.s.r.: ‘This acquisition fits well within a.s.r.’s acquisition strategy and ambition to play a leading role in the field of sustainable employability. The acquisition of Veherex’s portfolio strengthens a.s.r.’s market position whilst offering us opportunities for further growth in new segments. We intend to integrate Veherex within Loyalis thereby leveraging their unique experience in servicing semi-public organisations and offering customer tailored propositions. We are looking forward to continuing the commercial collaboration with the existing customers of Veherex for the long term.’
The acquisition meets the strict financial criteria set by a.s.r. to acquisitions and will take place subject to the approval of the Dutch Central Bank. a.s.r.’s works council has issued a positive advice on the acquisition.
-
18 Apr 2024500 a.s.r. employees roll up their sleeves on first “Doenkracht Donderdag”Across the Netherlands, 500 a.s.r. employees will participate in activities on Thursday, April 18, during Doenkracht Donderdag (“Doenkracht Thursday”). On this day, employees will step away from their usual tasks and wholeheartedly engage in volunteer work across 6 of a.s.r.’s 7 business cities. a.s.r.’s social organisation, Doenkracht, collaborates with various organisations in and around these cities that can benefit from external help. This initiative marks the first time a.s.r. is organising such an event, drawing inspiration from Aegon Nederland, which previously introduced Vrijwilligerswerk Vrijdag (“Volunteering on Friday”). The commitment to community activities aligns with a.s.r.’s mission to empower individuals in the Netherlands to make informed financial decisions, fostering greater financial awareness, savvy, and resilience.
-
16 Apr 2024a.s.r. to hold Annual General Meeting of Shareholders on 29 May 2024Today, ASR Nederland N.V. (a.s.r.) is publishing the convocation and the accompanying documents for the Annual General Meeting of Shareholders (AGM) that is scheduled for Wednesday 29 May 2024 at 10:00 a.m. The AGM will be held on that day at the office of a.s.r. in Utrecht.
-
15 Apr 2024The a.s.r. Vitality health programme is available to all pension, healthcare and income protection customers of a.s.r. and Loyalisa.s.r. Vitality will be available from 1 January 2025 to all customers with healthcare, income protection or pension insurance of a.s.r. or Loyalis, without paying a separate contribution for this. In this way, a.s.r. hopes to lower the threshold to participate in the programme.