Dutch life insurers have taken over €7bn in pension liabilities through so-called buyouts in the past two years, according to new figures from De Nederlandsche Bank (DNB), with the total value now hitting €230bn.
In recent years, Dutch life insurers Achmea, ASR, Athora, and Nationale Nederlanden have acquired 15 different pension funds through buyouts. As a result, the aggregate value of insurers’ pension schemes has increased by €7bn, reaching €230bn over the past two years.
This brings the insurers’ share to 15% of the total pension provisions of €1,573bn (combining both insurers and pension funds).