Achmea and Sixth Street Form Achmea Pension & Life Insurance with Lifetri Contribution

Achmea and Sixth Street are combining pension and life portfolios into a joint venture, Achmea Pension & Life Insurance N.V., with Achmea owning 80% and Sixth Street taking a 20% stake. Sixth Street will contribute Lifetri to the JV and pay €445 million to Achmea, creating a top-three Dutch pension and life provider serving over 2.1 million customers and targeting growth in the pension buy-out market.