Insurer ASR says it could invest in Dutch defence companies

ASR Nederland NV

09/12/2024 08:05

AMSTERDAM, Dec 9 (Reuters) - Dutch insurer ASR
 ASRNL.AS  said on Monday it would consider investing in Dutch
defence companies, following a call from the government to
provide capital for a stronger European defence industry. 
    The second-largest insurer in the Netherlands normally
excludes investments in defence companies under its policies for
responsible investments.
    It said it would now consider exceptions for companies based
in the Netherlands, on the condition that they are not involved
with the production or distribution of controversial weapons or
civilian firearms, and don't supply high-risk countries.  
    "With increasing geopolitical tensions and global stability
and security under pressure, there is growing political pressure
and societal demand for a strong and robust Dutch and European
defence industry," ASR's chief executive officer Jos Baeten
said. 
    "ASR feels a moral responsibility and sees opportunities to
contribute through targeted investments within the Netherlands,
under strict conditions."

    
    

 (Reporting by Bart Meijer; Editing by Kirsten Donovan)
 ((Bart.Meijer@thomsonreuters.com;))