Delta Lloyd NV, the biggest Dutch provider of group life insurance, will stop managing private- equity investments as stricter regulatory capital demands attached to the holdings outweigh their returns.
Aviva Plc, the U.K.’s second-biggest insurance company by market value, sold its 19.4 percent stake in Dutch insurer Delta Lloyd NV for 433.8 million euros ($568 million) as it retreats from less profitable markets.
Delta Lloyd NV, the Dutch insurer which sells life insurance in Belgium, the Netherlands and Luxembourg, rose the most in more than a year after Aviva Plc sold its 19.4 percent stake in the company for 433.8 million euros ($568 million).
Delta Lloyd NV, the Dutch insurer spun off from Aviva Plc, said a planned sale of its German activities to Nomura Holdings Inc. is uncertain because market conditions pushed the price below an agreed minimum.
European stocks fell the most in four weeks as Tokyo Electric Power Co. said its earthquake-hit nuclear power plant may release more radiation than Chernobyl and Alcoa Inc. posted sales that missed analysts’ estimates.