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ASR Nederland N.V. (a.s.r.) has completed the acquisition of Veherex. All conditions set to the acquisition have been met, such as the certificate of no objection from the Dutch Central Bank. a.s.r.’s works council has already issued a positive advice on the acquisition.
In August last year, a.s.r. and Veherex agreed that a.s.r. would take over insurer Veherex. It involves a portfolio comprising 35,000 policyholders. With this acquisition, a.s.r. expands and strengthens its market position in the area of occupational disability insurance whilst reinforcing its leading position in the provision of integrated sustainable employability solutions for employers.
In 2018, Veherex recorded € 15 million in premium income and a net result of € 1.4 million. Veherex’s solvency ratio amounted to 150% at the end of 2018.
About Veherex
Veherex provides insurance for occupational disability risks for companies and their employees, and its customer base is mainly to be found in the rail and public transport sectors. Veherex’s customer base comprises a total of 17 companies, including NS.
About a.s.r.
ASR Nederland N.V. (a.s.r.) ranks among the top 3 insurers in the Netherlands. a.s.r. offers products and services in the fields of insurance, pensions and mortgages for consumers, self-employed persons and companies. In addition, a.s.r. is active as an asset manager for third parties. a.s.r. is listed on Euronext Amsterdam and is included in the AEX Index. For more information, please visit www.asrnederland.nl.