The Norwegian government continued to voice opposition to the $2.3 billion bid by Finland’s Sampo to take over Storebrand, Norway’s largest insurer. According to a report in London’s Financial Times, a meeting between Norway’s Finance Minister, Karl-Eirik Schott-Pedersen, and Sampo …
Finland’s Sampo Insurance PLC confirmed expectations yesterday with a $2.28 billion bid for Norway’s Storebrand, a 31 percent premium over its recent estimated value, and 16 percent above the rival bid launched by Den Norske Bank. Storebrand’s board of Directors …
Further consolidation in the Scandinavian insurance market seems set to proceed, but it’s unclear exactly what form it will take. Den Norske Bank launched a takeover bid for Norway’s largest insurer Storebrand last week, but an opposing bid from Finnish …
A “BBB+” subordinated debt rating was assigned to the 200 million notes, due 2021, issued on March 16 by If Property & Casualty Insurance Ltd. by S&P, which cited I strong financial security characteristics and the deep subordination of the …
The Department of Health’s Genetics and Insurance Committee (GAIC) has granted U.K. insurers permission to consider the results of genetic testing for Huntington’s Disease (also known as Huntington’s Chorea), a rare and usually fatal condition, that is genetically transmitted. The …
Insurance Federation Elects New Officer/Board Members Five insurance industry executives have been newly elected as members of the Board of Directors of the Insurance Federation of Minnesota at the IFM’s annual meeting in St. Paul. The new board members are: …
Norway’s Skuld Insurance Group has offered a $3.3 million compensation package to the families of the16 victims and to the 69 survivors of the sinking of the catamaran ferry, Sleipner, which hit a reef and sank near Boemla Island 250 …
Sweden’s Skandia, Norway’s Storebrand and Finland’s Pohjola originally agreed to merge their respective p/c business into a pan-Scandinavian group with the unlikely name of “If….” Pohjola recently announced that it was pulling out of the deal, which caused analysts to …
