The FINANCIAL - Allianz Belgium to acquire insurance activities from Mensura

Allianz Belgium to acquire insurance activities from Mensura

20/06/2012 02:53 (333 Day 21:44 minutes ago)

The FINANCIAL -- Allianz Belgium and the Board of Directors of Mensura CCA have reached an agreement for Allianz Belgium to acquire the insurance activities of Mensura CCA and its subsidiary Mensura Assurances SA.

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Allianz Belgium and Mensura CCA have been working together on a commercial basis for several years in the field of worker's accident insurance. With this acquisition Allianz Belgium would complete its range of products for the self-employed, SMEs and large companies with worker's accident insurance, enabling it to provide full service to brokers and clients of Allianz Belgium. Furthermore, with this acquisition the policyholders of Mensura would enjoy the stability of a world leader in insurance.

According to Allianz, the acquisition is subject to approval at the General Meeting of Mensura CCA's members as well as by regulatory and competition authorities.

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