The Belgian oversight authority, the CBFA, has approved the takeover by the Delta Lloyd Group of Swiss Life Belgium.

The proposed composition of the new combined board of directors has been released at the same time.

Frank Blankers, former chairman of the board of Delta Lloyd Insurance, becomes the CEO of the new organization. His board of directors is made up of the commercial director, Hugo De Cupere, the financial director Thierry Van Rossum and the director of operations Jan Van Autreve.

Appointments to the board of directors are subject to the approval of the oversight authority, the CBFA.