PRESS RELEASE
30/06/2005

The statutory merger of DVV Insurance and Dexia Insurance becomes effective on 30 June 2005

Creation of a new insurance company: Dexia Insurance Belgium

On 20 June, the extraordinary general meetings of DVV Insurance and Dexia Insurance approved the merger operation leading to the statutory integration of the two companies. On 30 June next, the company Dexia Insurance will integrate the company DVV Insurance and take the name of Dexia Insurance Belgium S.A. (abbreviated to DIB S.A.)

The statutory merger of these two entities constitutes an important stage in the establishment of an insurance company in Belgium, following the acquisition of the group Artesia Banking Corporation by Dexia SA in 2001.

Dexia Insurance Belgium and its subsidiaries operate on the Belgian market through distribution channels, responding to the specific requirements of several types of client by way of different brands:

  1. The bank branches of Dexia Bank distribute a complete range of Life and Non-Life insurance products to their clients under the Dexia brand.
  2. The network of exclusive advisers of DVV Insurance continues to operate under that brand offering a complete Life and Non-Life service.
  3. CoronaDirect is a direct Life and Non-Life insurer to clients who do not wish to use intermediaries. The brand is Corona.
  4. Belstar is a Life insurer distributing a complete range via a network of brokers, under the brand Belstar.

The creation of a single back office for DVV Insurance and DI enables an optimum response to be made to the specific requirements of the different channels of distribution and advantage to be taken on the synergies arising, where that proves desirable, both for internal processes and the marketing approach.

CoronaDirect, Belstar and the former subsidiaries of DVV Insurance and Dexia Insurance abroad retain their legal personality. All these companies become subsidiaries of Dexia Insurance Belgium S.A.

The latter entity is administered by a single management board, under the chairmanship of Mr. Guy Roelandt.

Press Service Dexia: Ulrike Pommée + 32 (0) 2 222 44 01
Press Service Dexia Insurance Belgium: Stéphane Cuypers + 32 (0) 499 98 32 24