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If P&C Insurance Company Ltd (Finland), a company belonging to Sampo Group, has today signed an agreement to acquire the P&C insurance business of the Finnish branch of Tryg A/S for a consideration of EUR 15 million. Tryg's branch had a premium income of EUR 84 million in 2011, approximately 155,000 customers and a market share of approximately two per cent. Tryg's approximately 200 employees in Finland will be transferred to If.
The acquisition is expected to have a minor positive impact on If P&C's result in medium term. The deal is subject to approval by the authorities and is expected to be completed during the spring of 2013.
If P&C and Nordea have signed a partnership agreement whereby Nordea will market If P&C's products in Finland, Sweden, Estonia, Latvia and Lithuania. The partnership will begin no later than 1 July 2013.
For more information, please contact:
Head of Investor Relations and Group Communications
tel. +358 10 516 0030
tel. +358 10 516 0031
Deputy CEO of If P&C
tel. +46 8 792 8022
Senior Vice President, Business Area Private, If P&C Insurance Company Ltd (Finland)
tel.+358 10 514 4280
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