Achmea completes acquisition of OVO
Onderlinge Verzekeringen Overheid (OVO) is now part of Achmea. The acquisition announced by the parties in mid-November was formally completed today. The activities of the specialist non-life insurer (liability and fraud) will be integrated into Achmea's Non-Life & Income Protection division. OVO's staff of 20 have been transferred to Achmea.
OVO has over 600 members, including provincial and municipal authorities, water control boards, police forces and public-sector institutions. In mid-November, an extraordinary general meeting of members of OVO unanimously approved the transaction. The contract was also approved by the regulators and given a positive recommendation by Achmea's Central Staff Council.