The story
Nationale-Nederlanden was formed in a merger in 1963 between the De Nederlanden van 1845 (The Netherlands of 1845) and the Nationale Levensverzekeringsbank (National Life Insurance Bank). The result of the merger, because of the strong domestic position of Nationale and the international experience of De Nederlanden, was to set the company up for the future. Emerging computerisation was embraced, and other innovation costs were jointly borne by the combined companies. Cooperation strengthened the companies’ experience in group insurance and allowed Nationale-Nederlanden to expand its territory. In 1991 NN merged, this time, with the NMB Postbank Groep, to form the ING Group. Aside from insurance and asset management, the company also offers some banking products such as mortgages.
NN Group
During the 2008 financial crisis, ING Group received financial support from the Dutch State. As part of the support deal, ING Group was mandated to split off ING Direct USA and all insurance and asset management activities. In 2013, a new company, NN Group, was formed, which became the parent of the European and Japan insurance and asset management activities of ING Group, for example including Nationale-Nederlanden and NN Investment Partners. In 2014, NN Group was listed on the Euronext Amsterdam stock exchange in an IPO. The split from ING Group was finished in 2016, when it sold all remaining stock in NN Group.
From Wikipedia’s article on NN Group, shared under CC BY-SA 4.0.5