TVM

Jeroen van Grinsven, the firm's CFRO, is responsible for the investment portfolio management alongside his accounting and reporting duties. The management board, chaired by CEO Michel Verwoest, sets the strategic asset allocation within the regulatory framework for Dutch insurers. Day-to-day treasury and external manager selection falls under the finance function in Hoogeveen.

Coöperatie TVM U.A. owns the insurance operations, making policyholders the ultimate stakeholders rather than external equity investors. This structure orients the portfolio toward capital preservation and liability matching, with a heavy emphasis on investment-grade bonds. The cooperative mandate requires stable, risk‑aware returns that support claims-paying capacity for transport-sector members.

TVM manages its general-account insurance reserves and does not operate as a third-party asset manager. The investment portfolio exists solely to back the firm's underwriting liabilities. Cooperative member capital is not pooled for external mandates.

Stichting TVM is a separate foundation that handles the firm's philanthropic and community-oriented activities. It operates alongside the insurance and investment operations without commingling policyholder reserves. The foundation's initiatives typically align with the transport-sector membership that TVM serves.

TVM participates in the VBDO benchmark, which assesses Dutch investors on environmental, social, and governance criteria. While no public exclusion list is available, regulatory filings suggest standard Dutch insurer restrictions on controversial weapons and severe ESG violators apply. The firm's sector insurance focus is transport, but its investment portfolio is diversified across bonds and funds without a public stated negative screen beyond the VBDO framework.