Sampo is rapidly implementing deep changes to its business mix and strategic orientations. The insurer has sold Nordea’s shares for €1,174m, has acquired a Non-Life British company (Hastings Group) and reduced its financial leverage through debt repurchases. 2020 is the perfect year to book losses and to prepare for a more dynamic future. We expect corporate operations outside the Nordic region, focused on the preferred P&C segment.
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Sampo’s new skin
Sampo is rapidly implementing deep changes to its business mix and strategic orientations. The insurer has sold Nordea’s shares for €1,174m, has acquired a Non-Life British company (Hastings Group) and reduced its financial leverage through debt repurchases. 2020 is the perfect year to book losses and to prepare for a more dynamic future. We expect corporate operations outside the Nordic region, focused on the preferred P&C segment.