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Alm. Brand

From Wikipedia, the free encyclopedia

This article is about the Danish financial brand. For other brands, see alm (disambiguation).
Alm. Brand
TypeAktieselskab
IndustryFinancial services
Founded1792
HeadquartersCopenhagen, Denmark
Key people
Søren Boe Mortensen
CEO
ProductsGeneral insurance services
Total assets368,690,000,000 Danish krone (2022) Edit this on Wikidata
Number of employees
2,294 (2022) Edit this on Wikidata
Websitealmbrand.dk

Alm. Brand (until 2002 Alm. Brand af 1792) is a Danish financial services group operating within the markets for non-life, life and pension insurance.

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History

Alm. Brand's headquarters in Copenhagen's former Freeport

The company was founded in 1792 and its activities were originally limited to mutual fire insurance of buildings in rural communities.[1] Since 1987, Alm. Brand has been based in Company House on Middle Pier in the Southern Freeport area of Copenhagen. The building was designed by PLH Architects and previously housed East Asiatic Company.[2]

In October 2020, Sydbank acquires Alm. Brand Bank for €250 million from the company.[3]

In May 2022, it was announced Alm. Brand had acquired Codan Forsikring A/S’s Danish business - Codan Denmark from Intact Financial and Tryg A/S.[4]

Structure

Alm. Brand af 1792 fmba, is a limited liability association, holds a 56,8 % share of the shares in the Group. All non-life insurance customers of the Alm. Brand Group are born members of the association.[5]

Subsidiaries

  • Alm. Brand Arbejdsskade A/S
  • Alm. Brand Liv A/S
  • Alm. Brand Leasing

References

  1. ^ "Gasværket". AOK. Archived from the original on 2009-12-21. Retrieved 2010-01-04.
  2. ^ "Alm. Brand køber ØK-hovedsæde" (in Danish). Børsen. Retrieved 2014-05-26.
  3. ^ "Denmark's Sydbank acquires Alm. Brand Bank". pitchbook.com. 2020-10-02. Retrieved 2020-10-02.
  4. ^ "ALM. Brand acquires Codan DK, announces management appointments - Reinsurance News". ReinsuranceNe.ws. 2022-05-11. Retrieved 2022-05-11.
  5. ^ "Group structure". Alm. Brand. Retrieved 2014-05-26.

External links

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This page was last edited on 19 August 2023, at 07:58
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