Fennia €102 million acquisition of Folksam Non-Life Insurance

Overview:

• Fennia Mutual Insurance Company agreed to acquire Folksam Non-Life Insurance Company from Folksam, Veritas and Aktia Bank.
• Fennia provides statutory and voluntary non-life insurances to companies, entrepreneurs and households. The acquisition is in line with Fennia’s growth strategy and strengthens its position on the Finnish non-life insurance market.

Prin Shasiharan - Researcher