Northern Europe

In the markets of Northern Europe we strive to play a leading role, especially in the mutual insurers segment. We prefer client relationships that are geared to the long term. In cases where we do not consider loyalty considerations a relevant factor, we write our business opportunistically. The intense competition in both the insurance and reinsurance sectors shows no signs of diminishing. Rates were largely stable in the Scandinavian markets. In the year under review we transferred our portfolio of business from the Nordic countries to our operation in Stockholm.