DENMARK: FEW BIDDERS FOR SKANDIA LIV

Article Abstract:

The paper writes that there are only two potential buyers of Skandia Liv remaining. These are Alm Brand and Alka Forsikring. Skandia Liv's premium revenues total DKr 250mn (USD 35mn). Synergies might total up to DKr 10-25mn, but there are negative factors such as relatively low provisions for bad debts, and Skandia's alternative solution Skandia Link, which is considered being more attractive for customers than Skandia Liv.

Sweden, Alm Brand Af 1792

---

DENMARK: SKANDIA LIV FOR SALE

Article Abstract:

Skandia Liv is for sale, and is likely to be sold before 1 November 1999, according to MD Gerner Abildtrup. The paper writes that there may be three-four companies which are interested in acquiring Skandia Liv, among them the Danish companies Codan and Tryg-Baltica. The company's premium revenues total about DKr 300mn (USD 42mn) on an annual basis.

Tryg-Baltica A.S., Codan

---

DENMARK: TOPDANMARK MAKES ACQUISITION

Article Abstract:

The Danish insurance company Topdanmark has acquired the non-life insurance operations of Den Danske Bank, the major Danish bank. The deal includes the companies Danica Forsikring and Danske Forsikring Skade. According to a co-operation agreement, Den Danske Bank will continue offering the insurance products through its branches.

Property & Liability Insurance, Direct Property and Casualty Insurance Carriers, Property and casualty insurance, Den Danske Bank AF 1871 A/S, Topdanmark A/S, Danica Forsikring, Danske Forsikring Skade

Similar abstracts:

• Abstracts: DENMARK: GENE-MODIFIED BEET TO BE APPROVED? DENMARK: OPPOSITION TO DANISCO APPLICATION. DENMARK: DANISCO LOATH TO GIVE UP GMO BEET
• Abstracts: SWEDEN: DANICA SUCCESSFUL ON UNIT LINKED MARKET. DENMARK: TRYG-BALTICA'S SIX MONTHS RESULT. DENMARK: DANICA HAS BEEN AWARDED A PRIZE
• Abstracts: Safeway to buy Randall's Food Markets. Amazon.com taps Wilke to be operations chief. Smith leaves Drugstore.com for venture

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.