NB Re’s former parent Nationale Borg-Maatschappij merges and continues as Nationale Borg
May 4, 2018 10:55 am
125 YEARS OF RELIABILITY GOES OUT INTO THE WORLD.
For 125 years , Nationale Borg has supplied guarantees to companies in Belgium and the Netherlands. During all those years we were successful on our own, within our own strict boundaries. Yet we found that the time has come to go beyond those limits and to remove those limitations. We feel that the fast and chaotic business world of today could do with a little bit more Nationale Borg.
NATIONALE BORG IS NOW PART OF THE AMTRUST NETWORK.
That is why in 2016 Nationale Borg joined the international network of AmTrust Financial Services. Now companies outside Belgium and the Netherlands can also get acquainted with our product: guarantees that are not simply based on locked-in funds, but purely on trust in your business. AmTrust Financial Services, Inc. is a US insurance group that is listed on the NASDAQ exchange in New York.
On December 29, 2017, just days before the start of its 126th reporting year, NV Nationale Borg-Maatschappij has merged with AmTrust International Underwriters DAC (AIU), an insurance company based in Dublin, Ireland. Like NBM, it is part of AmTrust Financial Services group. The merger between NBM and AIU will provide synergy gains to both companies, such as a simplification of processes, and more efficiency, including a more efficient capital management, which will benefit our beneficiaries. The Dutch and Belgian offices of Nationale Borg-Maatschappij will continue their operations as branch offices of AIU DAC, trading as Nationale Borg.
EVERYTHING WILL CHANGE, BUT IN FACT NOTHING DOES
What will change for you as our client? Nothing really. We will continue to provide the same personalized service we have provided for 125 years. The merger will have no impact on the general and specific conditions of your contract with Nationale Borg. Neither will it impact active bonds and guarantees. Of course, the merger has been approved by the insurance supervisors in Belgium, the Netherlands and Ireland.
Go to archive