6 Nov 2019 - 07:00 CET
Jan-Hendrik Erasmus to step down as CRO of NN Group
Jan-Hendrik Erasmus decided to step down as member of the Management Board and Chief Risk Officer (CRO) of NN Group as of 31 December 2019. As of February 2020 he will join Aviva plc as Group Chief Risk Officer. NN Group has started the selection process for a new CRO.
Jan-Hendrik Erasmus joined NN Group’s Management Board in September 2016 and was appointed CRO of NN Group effective 1 October 2016. In this role, Jan-Hendrik is also responsible for Reinsurance and Procurement within the Group.
David Knibbe, CEO of NN Group: ‘Jan-Hendrik’s efforts to further strengthen NN Group’s overall risk framework have highly contributed to the strong position and resilience of the company, as well as to the professionalisation of the risk function. He also played an important role expanding NN’s Partial Internal Model under Solvency II to include the Delta Lloyd Life and Non-life entities in the Netherlands. Personally and on behalf of the Management Board, I would like to thank Jan-Hendrik for his dedication to NN and I wish him all the best in his new role. Delfin Rueda, CFO of NN Group, will assume the responsibilities of the CRO portfolio until we have found a suitable successor.’
Jan-Hendrik Erasmus, CRO of NN Group: ‘It has been a great pleasure to be part of NN Group. First and foremost, I would like to thank my colleagues for the positive collaboration and many shared achievements during this period. I look forward to joining Aviva and wish NN great success in the future.’
The appointment as Aviva’s Group Chief Risk Officer is subject to regulatory approval.
NN Group profile
NN Group is an international financial services company, active in 18 countries, with a strong presence in a number of European countries and Japan. With all its employees, the Group provides retirement services, pensions, insurance, investments and banking to approximately 17 million customers. NN Group includes Nationale-Nederlanden, NN, NN Investment Partners, ABN AMRO Insurance, Movir, AZL, BeFrank and OHRA. NN Group is listed on Euronext Amsterdam (NN).
Important legal information
Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation: (1) changes in general economic conditions, in particular economic conditions in NN Group’s core markets, (2) changes in performance of financial markets, including developing markets, (3) consequences of a potential (partial) break-up of the euro or European Union countries leaving the European Union, (4) changes in the availability of, and costs associated with, sources of liquidity as well as conditions in the credit markets generally, (5) the frequency and severity of insured loss events, (6) changes affecting mortality and morbidity levels and trends, (7) changes affecting persistency levels, (8) changes affecting interest rate levels, (9) changes affecting currency exchange rates, (10) changes in investor, customer and policyholder behaviour, (11) changes in general competitive factors, (12) changes in laws and regulations and the interpretation and application thereof, (13) changes in the policies and actions of governments and/or regulatory authorities, (14) conclusions with regard to accounting assumptions and methodologies, (15) changes in ownership that could affect the future availability to us of net operating loss, net capital and built-in loss carry forwards, (16) changes in credit and financial strength ratings, (17) NN Group’s ability to achieve projected operational synergies, (18) catastrophes and terrorist-related events, (19) adverse developments in legal and other proceedings and (20) the other risks and uncertainties contained in recent public disclosures made by NN Group.
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