Sale of Marine Hull business to RSA's subsidiary Codan is completed - Insurance News | InsuranceNewsNet

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April 29, 2010
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Sale of Marine Hull business to RSA’s subsidiary Codan is completed

 As informed in announcement no. 04-2010 TrygVesta Forsikring A/S and Codan Forsikring A/S, the Danish subsidiary of RSA Insurance Group, have agreed that Codan will purchase the renewal rights for TrygVestas portfolio of Marine Hull insurance. The transfer of the renewal rights is now completed. The one-time profit of DKK 50m is included in the Q1 2010 results.  Additional information: Visit trygvesta.com or contact our Investor Relations department;  Investor Relations Director Ole Søeberg on +45 40 30 00 04 or [email protected] Investor Relations Manager Lars Møller on +45 22 66 66 05 or [email protected]  TrygVesta is the leading Nordic provider of “peace of mind” solutions with property & casualty insurance operations in Denmark, Norway, Sweden and Finland. TrygVesta is listed on Nasdaq OMX Copenhagen and 60% of the shares are held by TryghedsGruppen smba.  Copyright © 2010 OMX AB (publ). 

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