Dutch cooperative insurer, Nh1816 Verzekeringen has awarded a comprehensive servicing mandate to leading European asset servicing group, CACEIS. CACEIS will provide custody, administration, performance measurement, compliance monitoring, execution, and regulatory reporting services for Nh1816. CACEIS’ integrated front-to-back office servicing permits a high level of automation in the with comprehensive reporting, allowing companies like Nh1816 to focus on growing their business while generating value for their members.
Nh1816 is the leading Dutch provider of private non-life insurance through its network of financial advisors, with some €620m in revenues, €1.2bn in investments, 2.6 million policies, and over 610 thousand insured individuals. It is a financially stable, independent cooperative insurer with a focus on achieving the steady growth of its business.
“The strategic partnership with CACEIS enables us to pursue our business development objectives and further raise the standard of our portfolio management and reporting services. Our integration with CACEIS’ operational systems and relationship management structure was handled without interruption to our services, and we are delighted to have achieved such a smooth changeover in such a short time. CACEIS’ servicing model offers the transparency we need to carefully manage our business, providing key insight into our data and performance. The combination of financial, regulatory and ESG-related reporting capabilities, means our business is well positioned to tackle future challenges”, states René van Gils, CEO of Nh1816 Verzekeringen.
“We are pleased to have created this new partnership with leading Dutch insurance cooperative, Nh1816, as it demonstrates the trust that large and successful organisations have in our outsourcing model and strategic direction. Our two groups share a common view that puts business efficiency and client servicing at the heart of our offer, and this key partnership is focused on delivering long-term support that creates the conditions for the continued growth of the business”, says Rinke Visser, Deputy Country Managing Director of CACEIS in the Netherlands.
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