Baker McKenzie advised Waard Leven on the acquisition of a Dutch portfolio of term life and savings policies from the Dutch branch of Belgian-owned Argenta Bank-en Verzekeringsgroep N.V. The transaction will see the transfer of a portfolio of approximately 44,000 term and savings policies with a value of over EUR 29 million.
This acquisition follows last month’s acquisition and successful integration by Waard of a term life and endowment portfolio of c.6,500 policies from Monuta Insurance, which was also advised on by Baker McKenzie. It is strongly aligned with the client's strategic objective of acquiring and integrating life and pensions companies and books of business within its target and value range.
The Baker McKenzie M&A team that has advised Waard Leven on the acquisition consisted of Mohammed Almarini, Joost Polman, Max Nederlof, Martijn van der Vliet, Paul van de Ven and Troy Pickard-Taylor.