Delta Lloyd Group Expands in the Netherlands

Delta Lloyd Group has a significant presence in the Netherlands, with a strong focus on insurance and banking services. The company's roots in the country date back to 1799.

Delta Lloyd Group has expanded its operations in the Netherlands through strategic acquisitions and partnerships. This growth has enabled the company to offer a wider range of financial products and services to its customers.

The company's Dutch operations are centered in Amsterdam, where it has a major presence in the city's financial district.

The Delta Lloyd Group was acquired by NN Group in 2015, marking a significant shift in the company's ownership.

Delta Lloyd Group's insurance operations were sold to Aegon in 2016, a move that allowed the company to focus on its banking and asset management activities.

The acquisition of Delta Lloyd Group by NN Group was a strategic move to expand NN's presence in the Dutch market.

The Netherlands has placed a significant €575 million Eurobond, a major financial move in the European market.

Delta Lloyd Group, a financial services provider, successfully placed this Eurobond, which matures in November 2017.

The transaction was issued under the EMTN programme, established in October 2010, and was placed with over a hundred institutional investors, primarily from Europe.

The bonds have a fixed annual coupon of 4.25% and a maturity of 7 years, with an issue price of 99.65%.

The net proceeds of the issue will be used for refinancing Delta Lloyd Group’s working capital.

Delta Lloyd Group is a significant player in the Dutch financial market, employing 6,100 permanent staff and listed on NYSE Euronext Amsterdam.

The bonds will be listed on NYSE Euronext in Amsterdam, providing a clear and transparent market for investors.

The lead managers of the transaction were BNP Paribas, Rabobank International, and RBS, demonstrating the collaboration of major financial institutions in this deal.

Delta Lloyd Group officially went public on the NYSE Euronext Amsterdam on 3 November 2009.

Aviva, the major shareholder, reduced its ownership from 92% to 50-54% after making 38-42% of its shares public.

Delta Lloyd's other previous shareholder, Nuts OHRA, retained its 8% stake in the company.

Aviva sold its remaining stake in July 2012 and January 2013, making the group 95% publicly traded.

Delta Lloyd, a small player in the health insurance market, had only 700,000 customers before it sold its division.

Delta Lloyd initially tried to merge its health insurance with Agis and Menzis, but the deal fell through.

Delta Lloyd's health insurance division was sold to CZ Group, effective January 1st, 2008.

Macro-economic developments can significantly impact a bank's investments, making it crucial to consider various scenarios. Delta Lloyd Bank has found this to be the case, particularly with interest rate increases, a drop in house prices, or a rise in unemployment.

Macro-economic developments can affect the value of a bank's investments, which is why Delta Lloyd Bank wanted to add stress tests to their tool. They asked Zanders for help, and a stress test model was developed using the balance sheet projection tool.

Unemployment and house prices are particularly important for mortgage lenders like Delta Lloyd Bank. House prices determine the security they have, while high unemployment can increase the chance of people not being able to pay back their mortgage.

A drop in house prices can have a significant impact on a bank's risk profile, but Delta Lloyd Bank has found that even with a substantial drop, they run relatively low risk with their NHG mortgages.

Delta Lloyd Group was acquired by NN Group in 2015, marking a significant shift in the company's ownership structure.

The acquisition was a strategic move by NN Group to expand its presence in the Dutch insurance market.

Delta Lloyd Group's insurance operations were subsequently integrated into NN Group's existing business.

NN Group's acquisition of Delta Lloyd Group was a significant deal, with a total consideration of €1.3 billion.