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.