Interpolis - History

History

Interpolis came into existence in 1969 after a merger between the life insurance company BTL and four mutual non-life insurance companies: ABTB in Arnhem, LLTB in Roermond, LTB in Leiden and NCB in Tilburg (which were part of the regional class-based organizations of the Katholieke Nederlandse Boeren- en Tuindersbond (KNBTB) (Catholic Dutch farmers and market-gardeners union). Also in 1969 Interpolis, together with the Coöperatieve Centrale Boerenleenbank - a forerunner of the Rabobank -, founded the finance company De Lage Landen. That organization is still a part of the Rabobank.

Three other mergers followed: with Hagelunie (1972), De Twaalf Gewesten (1985) and Sterpolis (1993). In 1990 mergers between banks and insurance companies became permitted, after which the Rabobank acquired almost all the shares of Interpolis. The Catholic class-based organizations, united in the KNBTB, retained their controlling interest until 2000. After the merger with Commit Arbo (2000) and the take-over of Relan (2001), Interpolis expanded its insurance activities to include old-age provisions and absenteeism management.

In 2005 Interpolis merged with Achmea part of the European insurance group Eureko . The Rabobank exchanged Interpolis for 37% of the shares in Eureko. Since the merger Interpolis now belongs to the largest insurance group in the Netherlands.

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