Announced
Financials
Tags
Sweden
Friendly
health insurance
Acquisition
Private Equity
Property and Casualty Insurance
Private
Pending
Single Bidder
Synopsis
National General Holdings, an insurance company, sold Euro Accident Sweden, which provides health insurance, predominantly personal medical insurance, to Impilo, a Swedish investment company focused on Nordic healthcare investments, for $138m. National General Chief Executive Officer Barry Karfunkel stated: “The sale of Euro Accident Sweden will allow us to continue to focus on our growing domestic A&H business. This transaction will also allow us to simplify our operations, legal and financial structure, and allow us to continue to allocate resources to domestic initiatives and opportunities. I would like to thank the Euro Accident team for what they have accomplished over the past six years turning an agency into a full-fledged Swedish insurance company.”
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