Transactions

Acquisition of Folksam Non-Life Insurance Company

Fennia Mutual Insurance Company

Posted on

2 Oct

2018

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Fast facts

Status:

The transaction is signed and requires clearance from the Finnish Competition and Consumer Authority and the Financial Supervisory Authority.

Cross-border:

Yes

Deal value:

The target’s premium income is approximately EUR 76 million.

Dittmar & Indrenius > References > Acquisition of Folksam Non-Life Insurance Company

We advise Fennia Mutual Insurance Company in its acquisition of Folksam Non-Life Insurance Company from Folksam, Veritas and Aktia Bank.

Folksam Non-Life Insurance Company’s premium income is approximately EUR 76 million. It has about 95,000 customers and 200 employees.

Fennia provides statutory and voluntary non-life insurances to companies, entrepreneurs and households. The acquisition supports Fennia’s growth strategy and strengthens Fennia’s position on the Finnish non-life insurance market by creating an insurer with 380,000 private and corporate customers.

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