Setterwalls advises Euro Accident in connection with the acquisition of Ikano Livförsäkring

On 22 March 2017, Euro Accident, via its parent company, National General Holdings Luxembourg signed an agreement with Ikano Försäkring AB regarding the acquisition of 100 per cent of the shares in Ikano Livförsäkring AB.

Ikano Livförsäkring conducts life insurance operations in Sweden, Norway and Poland, primarily focusing on private individuals through co-operations with selected partners and by direct sales to customers.

Euro Accident is the general agent for the insurance companies National General Insurance Luxembourg and National General Life Insurance Europe, both licensed in Luxembourg. Euro Accident is a complete provider of health insurance and thereto related services. Since 2013 Euro Accident is owned by National General Holdings Corp. (NGHC). NGHC is listed on NASDAQ and has a turnover of approximately USD 3.5 billion (2016) and more than 6,900 employees.

The acquisition is i.a. subject to approval by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen). Through the acquisition, Euro Accident strengthens its position as one of the strongest options on the Swedish health insurance market.