Hints and tips:
...The shares, along with those of peer Tryg, have long commanded a sizeable premium over the broader European insurance sector....
...A consortium of Canadian insurance group Intact and Denmark’s Tryg has offered 685p per share for the company, in line with the level suggested when its interest became public this month....
...But the business remains the last big insurance conglomerate listed in London....
...The fund waged a multiyear campaign against rival RSA, which completed its sale to Canada’s Intact and Denmark’s Tryg last week....
...He then became chief executive of RSA Insurance from 2014 to May 2021 when it was bought by Tryg and Intact Financial Corporation....
...Mr Hester has netted a bid for RSA Insurance from Canadian and Danish rivals Intact and Tryg at a rocking price....
...Germany’s Allianz bought general insurance businesses from LV and Legal & General....
...British insurance stocks are particularly weak. Most quoted Lloyd’s insurers have been taken over. Hastings is set to go the same way for £1.7bn....
...On November 18, RSA Insurance accepted a consortium-led takeover offer from international rivals Tryg and Intact....
...Elliott calculated that being valued at a similar price/earnings ratio to fellow Nordic insurers Gjensidige and Tryg could boost Sampo’s valuation by €5bn to €7bn....
...Conversely, those of Nordic peers Tryg and Gjensidige now trade at nearly 21 times, nearly a third higher than back then....
...Over the past year Robey Warshaw worked on a £7.2bn bid for UK-based insurer RSA by Canadian insurance group Intact and Denmark’s Tryg, among other smaller deals....
...The £7.2bn agreed bid for RSA from overseas rivals Intact and Tryg is expected to complete in the second quarter of 2021, RSA said....
...Core defensive insurance OW include Zurich and Tryg that have already paid dividends and Munich Re that intends to stick to its ordinary dividend, underpinned by one of the strongest balance sheets in the...
...Analysts say the regional Scandinavian insurers Sampo, Gjensidige and Tryg may look at buying RSA’s business in the region....
...Stine Bosse, 49 Nationality: Danish Company: Tryg (formerly TrygVesta) Sector: Insurance Location: Denmark Three-year TSR: -25.3% Tryg is Denmark’s largest and Scandinavia’s second-largest insurer,...
...The Group comprises Tryg, Denmark’s largest general insurer, TrygVesta, Norway’s third largest insurer, Norwegian Enter and Danish guarantee insurer Dansk Kaution....
...Its interests include banking, insurance, chemicals and tobacco....
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