Announced

National General Holdings sold Euro Accident Sweden to Impilo for $138m.

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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