Reinsurance News
sampo group
Sampo obtains all regulatory approvals needed to acquire Topdanmark remaining shares
9th July 2024
Finish insurer Sampo has obtained all the necessary regulatory approvals for the exchange offer to the shareholders of P&C insurer Topdanmark. Back in June Sampo announced its intentions to acquire all of the outstanding shares in Topdanmark not already owned for 33 billion Danish Krone (€4.42 billion). The deal is subject ... Read the full article
Sampo makes €4.42bn offer for Topdanmark remaining shares
17th June 2024
Finish insurer Sampo has revealed it intends to acquire all of the outstanding shares in P&C insurer Topdanmark not already owned for 33 billion Danish Krone (€4.42 billion). Sampo already owns around 48.5% of Topdanmark, with this new consideration representing a premium of 27% to the closing share price of the ... Read the full article
Sampo names Talasmäki Group Chief Investment Officer
18th August 2023
Nordic insurance group, Sampo has appointed Ville Talasmäki as Group Chief Investment Officer and Group Executive Committee Member. According to the announcement, the appointment is subject to the completion of the partial demerger of Sampo plc and is expected to become effective on 1 October 2023. Talasmäki will replace current Group CIO ... Read the full article
Sampo to become pure-play P&C insurer after demerger approved
19th May 2023
In line with its P&C-focused strategy, Sampo plc announced a strategic review of Mandatum’s role within the group on December 7th, 2022. After assessment of options, the Board resolved to propose a demerger of Sampo to separate Mandatum. At the Annual General Meeting, held May 17th, 2023, it was resolved ... Read the full article
Sampo to undertake strategic review of Mandatum subsidiary
7th December 2022
A statement from the board of Sampo says that the firm is looking to undertake a strategic review of its life insurance subsidiary Mandatum. The company said that this followed steps in recent years to simplify Sampo Group as part of its strategic focus on P&C insurance. The proposed review will explore ... Read the full article
Sampo acquires full ownership of Hastings
8th December 2021
Sampo has signed an agreement with Rand Merchant Investment Holdings (RMI) to acquire full ownership of UK insurer Hastings. Under the terms of the agreement, Sampo will pay GBP 685 million for RMI’s 30 per cent minority interest in Hastings and the option held by RMI to acquire 10 per cent ... Read the full article
Sampo targets <86% combined ratio by 2023
24th February 2021
As part of its new financial targets for the 2021 to 2023 period, Nordic insurer Sampo Group is targeting a combined ratio of less than 86%. The company also plans to organically grow its property and casualty (P&C) underwriting profits by a mid-single digit percentage each year from the 2020 level, ... Read the full article
Sampo Group announces new CFO, insurance business surges
8th August 2018
Sampo Group, a Nordic financial and insurance company, has announced that Knut Arne Alsaker will be replacing Peter Johansson as its Chief Financial Officer. Johansson retires on January 1, 2019 after 33 years with Sampo; he has been a member of the firm’s Executive Board since 2001. Alsaker is currently CFO of ... Read the full article
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