Ageas receives NBB approval for reinsurance activities

Ageas received the approval of the National Bank of Belgium (NBB) to organise and operate reinsurance activities.

This approval follows the green light given by the shareholders at the General Meeting of 16 May 2018, to amend article 4 of the Articles of Association of ageas SA/NV to this end.

Operating reinsurance activities increases the fungibility of capital within the Group, giving Ageas higher flexibility and agility to execute its strategy.

As a consequence of the approval, Ageas decided to no longer eliminate the geographical diversification benefits from its Own Funds, which will have a positive effect on both the Group and Insurance Solvency II_ageas ratio of around 5%.