Zurich-based Converium Holding Ltd. announced that it has agreed in principle to sell its shareholdings in its Danish subsidiary Nordic Aviation Insurance.
The buyer is reportedly Australia’s QBE, however, neither Converium nor QBE have confirmed this.
Nordic Aviation Insurance is a general aviation insurance company, which underwrites throughout the Nordic and Baltic regions.
“Completion of this sale is subject to certain conditions being met, including approval by the FSA, the regulatory authority in Denmark,” said the announcement.
Topics Aviation
Was this article valuable?
Here are more articles you may enjoy.
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
