Scildon is based in Hilversum in the Netherlands and started trading in 1984 as Legal & General Nederland. The company has been renamed Scildon following the acquisition by Chesnara.
Scildon is a leading provider of risk and investment-linked products, sold through independent financial advisers to high net worth customers. It also offers a defined contribution group pension platform focusing on Dutch SMEs.
A successful combination of customer focus and product development has made Scildon a “top 5 player” on the Term market, market leader in Unit Linked Products and has delivered impressive growth in the field of defined contribution Group Pensions. Scildon has won several awards from the Dutch organisation of independent financial advisors, Adfiz, and was awarded “Best Individual Life Insurance” provider and “Best Group Pension Insurer” for 2017.
Scildon and Chesnara have ambitious growth plans for the company, with further product, systems and portal development anticipated to further enhance Scildon’s enviable position in the Dutch Life & Pensions market.
It’s official: as of July 2, 2025, Scildon and Waard have joined forces.
The Dutch Central Bank has approved the transaction. Our Managing Director, Pauline Derkman, commented: “Together we are stronger in continuing to play a meaningful role in a consolidating market.”
“Joining forces with Waard feels right,” Pauline continues. “We share the same shareholder—Chesnara plc—and both specialize in life insurance. The difference is that Scildon actively offers life insurance policies, while Waard manages them. We know each other’s products well and complement each other perfectly. By merging, we create a more agile and effective organisation.
Together, Scildon and Waard have £3bn of Assets under Administration, with a combined Economic Value of £265m as at 30 June 2025.