Insr: Update regarding strategic review
In the Q1 report, it was communicated that the outcome of the ongoing strategic review within Insr was expected to be presented before the end of Q2. In the light of the letter from the NFSA, that Insr communicated about on the 15th of June, the board of Insr has decided to wait with the finalization of the strategic review and put all efforts into finding a solution in line with the NFSA expectations. In the letter, the NFSA state that they expect Insr to have entered into agreements to divest the Norwegian and Danish run-off portfolios by mid-August 2021.
Insr will come back with a new update on the situation in connection to the presentation of the Q2 results.
For further information, please contact:
Hans Petter Madsen, CFO
T: +47 901 57 505
Insr Insurance Group ASA was established in 2009 and listed on the Oslo Stock
Exchange, with headquarters in Oslo.The company's main task and focus going
forward are to wind down the insurance business.