Dutch insurance group ACHMEA announced is expanding its presence in Slovak insurance market by acquiring AEGON's property & casualty portfolio in the country. The portfolio consists of more than 18,000 home insurance policies. The acquisition is being made by ACHMEA's subsidiary, UNION.

"This transaction is in line with our international strategy, which involves using our knowledge of digitisation to further strengthen our market positions. In doing so, we focus on the increased scale of non-life and health insurance via the online channel and banking distribution," said Robert OTTO, member of Achmea's Executive Board.

Outside the Netherlands, Achmea operates in five countries: Greece, Turkey, Slovakia, Canada and Australia,the international GWP amounting to around EUR 1.1 billion in 2018.