Cederquist advises Moderna Försäkringar

8/27/2015

Moderna Försäkringar, Swedish branch of Tryg Forsikring A/S and Livförsäkringsbolaget Skandia, ömsesidigt have entered into an agreement regarding the acquisition by Moderna Försäkringar of Skandia's operations within individual child insurance, adult accident insurance and pregnancy insurance. T

he acquisition is in line with Moderna Försäkringar's strategy and strengthens the company's position on the Swedish insurance market. The portfolio includes around 150,000 insurance policies and aggregate gross premiums of approximately SEK 250 million. In connection with the transaction, the parties have also entered into a distribution agreement with respect to the acquired products.

Cederquist represents Moderna Försäkringar in the transaction, primarily through Pontus Röckert (partner, M&A), Thérèse Hamsten (M&A), Annika Walin (regulatory), Sebastian Sundberg (regulatory), Fredrik Lindblom (anti-trust) and Kristoffer Molin (anti-trust).