SpareBank 1 SR-Bank ASA (SRBANK); SpareBank 1 Gruppen and DNB sign letter of intent relating to insurance merger
SpareBank 1 Gruppen AS and DNB ASA on June 20th signed a letter of intent relating to the merger of their insurance businesses, which will create one of the biggest insurance companies in the country.The new insurance company will result from the merger of SpareBank 1 Forsikring with DNB Forsikring AS. The merged company will have a virtually complete risk insurance product portfolio aimed at the personal and SME markets. The issue of whether to transfer some personal risk insurance policies to the new company is currently under consideration. The new company will remain a subsidiary of