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Delta Lloyd's asset management problem

May 19, 2016 - SNL European Financials Daily

Delta Lloyd NV's first-quarter results raised worrying questions about what it should do with its asset management business.

The Dutch insurer reported gross written premiums in its general insurance business of (EURO)465 million, up from (EURO)434 million in the year-ago period. Value of new business in the life insurance business amounted to (EURO)22.3 million under Solvency II. But the asset management business raised eyebrows with outflows of (EURO)354 million. The company attributed t...