JELVED HOLDER FORSIKRING UDEN FOR FINANS-GIGANTER

Article Abstract:

Insurance and pension companies will not be included in the new legislation which is aimed at facilitating mergers in the Danish financial sector. Marianne Jelved, Minister of Economics, says she will retain the difference between lenders and investors, and that insurance companies are considered being primarily investors. In the EU, only banks and mortgage lending institutes are defined as credit institutes. According to the paper, both the insurance and mortgage lending sectors are against this categorical definitions of their activities.

Comment:

Denmark: Insurance & pension cos will not be included in legislation which is aimed at facilitating mergers in financial sector

Government regulation (cont), Insurance, Insurance Carriers and Related Activities, Article

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DENMARK: PFA SELLS NON-LIFE INSURANCE OPERATIONS

Article Abstract:

Chubb Insurance Company of Europe is to acquire PFA Skade-agentur, the non-life insurance activities of the Danish pension company PFA Pension, provided that due diligence is satisfying. PFA Skade-agentur's portfolio is valued at about DKr 190mn (USD 27mn).

Asset sales & divestitures, Acquisitions & mergers, Property & Liability Insurance, Direct Property and Casualty Insurance Carriers, Property and casualty insurance, PFA Pensionsforsikringsaktieselskab, Chubb Insurance Company of Europe

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