Delta Lloyd Groep

Infobox_Company
company_name = Delta Lloyd Groep N.V.
company_
company_type = Private
company_slogan =
foundation = 1807
location = Amsterdam, the Netherlands
key_people =
num_employees = 6,500
industry = Insurance
products = Life insurance Property insurance Casualty insurance Mortgages Asset management Saving accounts
revenue = loss € 8.169 billion (2006)
operating_income = profit € 845 million (2006)
net_income = profit € 711 million (2006)
homepage = [http://www.deltalloydgroep.nl www.detlalloydgroep.nl]

The Delta Lloyd Group is a Dutch insurer with operations in the Netherlands, Belgium and Germany. It consists of Delta Lloyd, Ohra and ABN AMRO Verzekeringen together and a few minor banks. The company is the 6th insurer in the Netherlands with a market share of approximately 8%.

The company is owned by Aviva (92%) and the Dutch foundation Nuts Ohra (8%).

History

The earliest predecessor of Delta Lloyd, the "Hollandsche Societeit van Levensverzekeringen", was founded in 1907. In 1967 it merged with the "Amsterdamsche Maatschappij van Levensverzekeringen" and was renamed "Delta". And in 1969 Delta merged with NedLloyd (not to be confused with the shipping company of the same name). In 1973 all shares in Delta were bought by the British firm "Commercial Union" (now Aviva).

In 1999 Delta Lloyd merged with Ohra. The company was renamed Delta Lloyd Group in 2002.

Delta Lloyd Nederland

Delta Lloyd

Delta Lloyd forms the core of the Delta Lloyd Group. It offers saving accounts, insurance and financial planning.

Ohra

Ohra was formed in 1925 and was known as "Onderlinge ziektekostenverzekeringsfonds van Hoogere RijksAmbtenaren" (Mutual health insurance for senior civil servants).

ABN AMRO Verzekeringen

ABN AMRO Verzekeringen is a joint venture between ABN AMRO and Delta Lloyd, giving Delta Lloyd the exclusive right to sell insurance through ABN AMRO offices. It had a revenue of €900 million in 2006. However, ABN AMRO was bought in 2007 by Fortis, which also sells insurance, thus bringing the future of this joint venture in doubt. For Delta Lloyd this joint venture represents a vital means of selling insurances. Fortis has indicated that they wish to continue the joint venture.

Delta Lloyd Health Insurance

Delta Lloyd was only a small player in the Health insurance market with 700.000 costumers. Originally, Delta Lloyd tried to merge its health insurance division with Agis and Menzis, but this deal fell through, thus necessitating Delta Lloyd to sell its health insurance division. Delta Lloyd sold it to CZ groep effective januari 1st 2008.

Delta Lloyd Bank

Delta Lloyd also offers limited banking products, such as savings accounts and mortgages.

Delta Lloyd Belgium and Germany

Delta Lloyd is also active in Belgium and Germany. In Belgium the company offers life insurance and collective insurance. In Germany Delta Lloyd offers life insurance and asset management.

External links

*http://www.deltalloydgroep.com
*http://www.deltalloyd.nl
*http://www.ohra.nl