Storebrand Livsforsikring AS: Silver - Approval from NFSA
The Norwegian Financial Supervisory Authority has today consented to the solution proposed by Silver Pensjonsforsikring AS Under Public Administration ("Silver") and the portfolio transfer to Storebrand Livsforsikring AS ("Storebrand") consisting of paid up policies with investment choice. The approval comes after the Silver customers on December 11 approved the solution by the criteria set by the board of Silver under public administration. The remaining insurance contracts in Silver shall be transferred to Storebrand as part of the acquisition of Silver. This acquisition assumes a