Alm. Brand has sold its pension business Alm. Brand Liv og Pension for DKK 1.1bn to Nordic I&P.
By the end of 2020, Alm. Brand Liv og Pension had total pension assets of DKK 16.9bn.
The sale of the pension business marks another step in Alm. Brand’s strategy which focuses on building an even stronger position in the non-life insurances market.
As a part of the purchase agreement, Alm. Brand continues to offer its customers average-rate pension schemes, and the terms and conditions remain the same for Alm. Brand’s existing customers.
The transaction is subject to approval from the authorities.
Accura advised Alm. Brand in connection with the transaction.