NORDIC: IF TO ACCOUNT FOR 20% OF MARKET

Article Abstract:

The non-life insurance company If, formerly Newco, accounts for 20% of the Nordic non-life insurance market. Premium revenues total SEK 23.4bn (USD 2.9bn) (1998 figures), and the number of clients total 4.5mn. In Denmark, the company will not reach 20% of the market by its own efforts, says MD Bo Ingemarson, who, however, rejects that the company is planning to make aggressive bids for Danish companies. If is owned by Swedish Skandia (42%), Norwegian Storebrand (33%) and Finnish Pohjola (25%), but will later on be subject to Stock Exchange quotation.

Scandinavia, Market share, Property & Liability Insurance, Newco

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A framework for life that takes account of 'Woopies'

Article Abstract:

Well-off retired persons or 'Woopies' have much more marketing clout than most advertising executives realize. Research by AGB Research (Great Britain) reveals that Woopies make up one-third of the over-55 population in Great Britain, and they hold 50% of the savings of the entire population. Early retirement and longer life spans have resulted in a big change in the population makeup. Attitudes about education, work, and free time, and retirement must be altered to take into account the changes in the population.

Research, Management, Marketing, Leisure, Retirees, AGB Research PLC, U.AGB

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Insuring against M&A risk

Article Abstract:

UK risk management and insurance broking consultancy Willis Corroon has introduced a due diligence consultancy service aimed at insuring against unforeseen risks occurring during merger and acquisition deals. The new service is being offered to venture capitalists, corporate and project financiers, and banks. The risks covered include protection against senior executives being taken ill and other important liabilities that could affect the outcome of acquisition, management buyout or merger talks.

Property & Liability NEC, Services, Insurance industry, Acquisitions and mergers, Insurance, Willis Corroon PLC, WCB

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