Products, Mergers & Acquisitions – Aug/Sep 2023
This month, keep up with the latest products, mergers and acquisitions. Read more about Monument’s acquisition, EY and its demerger project, Ethias investing in moveUP and AG launching new health services.
- Monument Assurance Belgium acquired portfolio from Federale Verzekering
- EY rejects a proposal that could have relaunched its demerger project
- Ethias Ventures invests in moveUP
- AG Insurance offers new health services for its affiliates
AG Insurance offers new health services for its affiliates
With the launch of the MyAG Employee Benefits app, AG is bringing together all the group insurance benefits in terms of pensions, health and guaranteed income for its affiliates. In addition, AG also provides mental health services, access to video consultations with a doctor and discounts with healthcare partners.
Monument Assurance Belgium acquired portfolio from Federale Verzekering
Early August, Monument Assurance Belgium announced the acquisition of a run-off block of retail life policies, annuities and associated assets from Federale Verzekering.
EY rejects a proposal that could have relaunched its demerger project
Regarding EY’s planned demerger, the company has rejected a proposal from the US investment fund TPG, which could have enabled EY to separate its consulting and auditing activities. The fund proposed acquiring a share in the consulting branch, which could then have been listed on the stock exchange. The CEO of EY has announced that the company is not currently involved in any transactions.
Ethias Ventures invests in moveUP
Ethias Ventures, the venture capital subsidiary of Belgian insurer Ethias, has invested in a capital round launched by start-up moveUP. As a long-standing partner, Ethias expresses its satisfaction with their current collaboration, its willingness to invest in a start-up offering innovative solutions with high social value, and the potential for partnership between the health and insurance sectors.
