October 5, 2016 / 6:01 AM / 10 months ago

BRIEF-Delta Lloyd to merge its life insurance entities in Netherlands and Belgium

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Oct 5 (Reuters) - Delta Lloyd NV :

* Plans to simplify corporate structure of its Belgian activities

* Delta Lloyd has submitted application for merger of Dutch and Belgian life insurance entities to National Bank of Belgium and Dutch Central Bank

* Subject to consent of regulators, Delta Lloyd life insurance entities in Netherlands and Belgium will be merged into a single legal entity and risk bearer at 1 January 2017

* Delta Lloyd strengthens position of Dutch and Belgian life insurance businesses

* Delta Lloyd Life NV in Belgium will merge with Delta Lloyd Levensverzekering NV in Netherlands

* This will raise group's solvency II standard formula ratio (SF ratio) by around 5 percentage points

* Will retain our commercial operations in Belgium Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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