You are using an old version of your web browser.

Please note that the website might not function correctly using an outdated browser. We recommend updating your browser or using another one.

If P&C to take over Tryg's Finnish business

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.

SAMPO PLC

For more information, please contact:

Jarmo Salonen
Head of Investor Relations and Group Communications
tel. +358 10 516 0030

Maria Silander
Press Officer
tel. +358 10 516 0031

Ricard Wennerklint
Deputy CEO of If P&C
tel. +46 8 792 8022

Paula Salonen
Senior Vice President, Business Area Private, If P&C Insurance Company Ltd (Finland)
tel.+358 10 514 4280

Distribution:
NASDAQ OMX Helsinki
The principal media
Financial Supervisory Authority
www.sampo.com

Back to top