If P&C Insurance
|Industry||Insurance, financial services|
|Area served||Sweden, Norway, Finland, Denmark, Russia and the Baltic countries|
|Key people||Thorbjörn Magnusson
|Products||Insurance annuities, mutual funds|
If P&C Insurance Company Ltd. is a property and casualty insurance company with approximately 3.8 million customers in Sweden, Norway, Finland, Denmark, Estonia, Latvia, Lithuania and Russia. In 2006, the group had gross premiums written of SEK 39 billion and 6,400 employees.
If P&C Insurance was formed in 1999 through the merger of the property and casualty insurance operations of Storebrand of Norway and Skandia of Sweden. In 2001, If and Sampo’s property and casualty insurance operations merged.
In the Spring of 2004, Sampo acquired Storebrand’s, Skandia’s and Skandia Liv’s holdings of If shares.
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