Storebrand to acquire Danica from Danske Bank for $221m.

Storebrand, a financial services company in Norway, agreed to acquire Danica, a life insurance provider, from Danske Bank, a Nordic bank with strong local roots and bridges to the rest of the world, for $221m. "With Danica on board, we strengthen our presence in the occupational pensions market for small and medium-sized enterprises and our personal risk offering. These are strategically prioritised growth areas for Storebrand. We look forward to combining our own expertise and technical solutions with Danica's partners and Danske Bank's professional distribution platform. This combination helps customers gain access to market leading products and services, and we look forward to being able to welcome all of Danica's customers to Storebrand", Odd Arild Grefstad, Storebrand CEO.