DENMARK: FEW BIDDERS FOR SKANDIA LIV

Article Abstract:

The paper writes that there are only two potential buyers of Skandia Liv remaining. These are Alm Brand and Alka Forsikring. Skandia Liv's premium revenues total DKr 250mn (USD 35mn). Synergies might total up to DKr 10-25mn, but there are negative factors such as relatively low provisions for bad debts, and Skandia's alternative solution Skandia Link, which is considered being more attractive for customers than Skandia Liv.

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DENMARK: SKANDIA LIV FOR SALE

Article Abstract:

Skandia Liv is for sale, and is likely to be sold before 1 November 1999, according to MD Gerner Abildtrup. The paper writes that there may be three-four companies which are interested in acquiring Skandia Liv, among them the Danish companies Codan and Tryg-Baltica. The company's premium revenues total about DKr 300mn (USD 42mn) on an annual basis.

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DENMARK: TOPDANMARK MAKES ACQUISITION

Article Abstract:

The Danish insurance company Topdanmark has acquired the non-life insurance operations of Den Danske Bank, the major Danish bank. The deal includes the companies Danica Forsikring and Danske Forsikring Skade. According to a co-operation agreement, Den Danske Bank will continue offering the insurance products through its branches.

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