ICA Bank applies for permit to conduct insurance business
ICA Bank will submit an application to the Swedish Financial Supervisory Authority for a permit to conduct insurance business. ICA Bank already offers insurance to private clients but now intends to conduct non-life insurance operations entirely under its own management. The CEO of the new non-life insurance company will be Bo Lagergren, currently Head of Retail Banking at ICA Bank.The application is for permission to start a limited liability insurance company as a subsidiary to ICA Bank but with a separate board of directors. The aim is that the new limited insurance company will be