NN Group : Risk collective Woekerpolis claims reduced materially, TP and recom. up
>Conclusion: Risk collective Woekerpolis claims reduced materially, TP & recom. up - Yesterday after trading hours the Dutch insurance peer company a.s.r. announced that they reached a settlement with the five Woekerpolis claim organisations whereby the collective claim actions would stop/be terminated for a relatively limited Solvency 2 impact (-4pp on S2 ratio). As a result we expect that there is a high likelihood that also NN Group will reach a, for NN Group, amic...NN Group is a financial services company based in the Netherlands. Co. engages in insurance and investment management activities, providing life and non-life insurance products primarily in the Netherlands, Belgium, rest of Europe, and Asia. Co. offers group and individual life insurance; and motor, transport, fire, liability, travel, and income insurance. Co. also offers retirement, insurance, investments, and banking services to retail, SME, corporate, and institutional customers. Co. is active in 18 countries, with a presence predominantly in a number of European countries and Japan.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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