NN Group and Van Lanschot Chabot have reached an agreement on the sale of Mandema & Partners to Van Lanschot Chabot. Established in 1956, Mandema & Partners – NN Group’s wholly owned independent insurance broker and risk advisor in the Netherlands – is based in The Hague and has 145 employees. The sale is a result of the continuous strategic assessment of NN Group’s portfolio.
This transaction will strengthen Mandema & Partners’ independent position as an accomplished corporate broker, offering risk management, pensions as well as health and absenteeism management services to wholesale clients in the Netherlands.
The transaction is subject to regulatory approval and the advice of the central works council of NN Group and the workers’ council of Van Lanschot Chabot, and is expected to close in the fourth quarter of 2016. The transaction is not expected to have a material impact on the capital position and operating result of NN Group.