SEB completes acquisition of Codan Liv & Pension
Anders Mossberg, CEO of SEB Trygg Liv, says: "We bought Codan Liv & Pension for two main reasons. The life insurance market is one of the largest growth areas within savings and Denmark is about to experience a similar development to the one SEB Trygg Liv encountered so successfully in Sweden: a change towards corporate pension schemes and unit-linked products. Codan Liv & Pension has the potential to grow with profit and thus contribute to SEB Group, both by itself and through strengthening SEB's existing operations in Denmark, especially by adding a strong distribution platform."