# TVM

TVM is an Insurance based in Munich, Netherlands.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Munich, Netherlands
- **Region:** Europe
- **Address:** Van Limburg Stirumstraat 250, 7901 AW Hoogeveen, Netherlands
- **Founded:** 1963
- **Assets under management:** Undisclosed
- **Website:** www.tvm.nl
- **LinkedIn:** https://www.linkedin.com/company/tvm-bizdev

## About

TVM is an SEC-registered investment adviser founded in 2012 in Munich, Germany. It has maintained registration since then.

## Sectors

- Transportation & Logistics
- Real Estate

## People

- Michel Verwoest — CEO
- Jeroen van Grinsven — CFRO
- Fred Treur — COO
- Marco Hurenkamp — CIO

## Questions

### Who runs investment decisions at 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.

### How does the cooperative structure affect TVM's investment strategy?

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.

### Does TVM manage assets for external clients or serve only its own balance sheet?

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.

### Which sectors does TVM explicitly avoid in its investment portfolio?

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.

## Related profiles

- [TV TOKYO Holdings Corporation](https://altss.com/profile/tv-tokyo-holdings-corporation)
- [TW Advisors](https://altss.com/profile/tw-advisors)

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Last updated: 2026-06-03T20:00:00.000Z

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