Dutch insurance group NN announced it has obtained approval from De Nederlandsche Bank (DNB), the Dutch supervisory authority, to execute the legal merger of VIVAT Non-life into NN Non-life.

"As a result of this, VIVAT Non-life ceased to exist and NN Non-life assumed all assets and liabilities of VIVAT Non-life", as the insurer mentioned in a statement.

The legal merger was executed on 31 December 2020 and became legally effective on 1 January 2021.

NN Group is an international financial services company, active in 18 countries, with a strong presence in a number of European countries and Japan.

With all its employees, the Group provides retirement services, pensions, insurance, investments and banking to approximately 18 million customers.

NN Group includes Nationale-Nederlanden, NN, NN Investment Partners, ABN AMRO Insurance, Movir, AZL, BeFrank and OHRA. NN Group is listed on Euronext Amsterdam (NN).