Nordea to acquire Topdanmark Life from Topdanmark Forsikring for $298m.

Nordea Bank, a bank holding company, agreed to acquire Topdanmark Life, the life and pension services division of Topdanmark Forsikring, an insurance services provider, for $298m. “For many years we have had an advantage by running both non-life insurance and life insurance within the Topdanmark Group benefiting both customers and shareholders. Nordea has the right requisites and ambitions to operate and further develop Topdanmark Life. We will continue to sell life insurance solutions, with the difference that in the future they will be from Nordea. We are looking forward to strengthening the strategic partnership between Nordea and Topdanmark,” Peter Hermann, Topdanmark CEO.