Skandia

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• Johannes Friedrich, Executive Vice President
• Hermann Schrögenauer, Director of Sales and Marketing
• Mark Deimel, Chief Financial Officer

Skandia ( " Försäkringsaktiebolaget Skandia ") is an international financial services provider and one of the world's largest providers of unit-linked investment, insurance and retirement products. The corporation was founded in 1855 in Stockholm, with subsidiaries in more than 20 countries on four continents (Europe, Latin America, Asia and Australia). The Skandia since 2006 has been part of the Old Mutual insurance company, which is engaged in providing long-term care, protection and investment.

In Germany, Skandia ( Skandia accurate life insurance AG) is since 1991 active in the market for unit-linked pension products and employs over 300 people. The company has its headquarters in Berlin in late 2010 oversaw claims to more than 360,000 customers and manages a sum assured of around 12.4 billion euros.

History

Skandia was established in 1855 as a life and fire insurance in Stockholm. In the following years, subsidiaries and branches in Christiania (now Oslo ), Copenhagen, Hamburg, Rotterdam and Saint Petersburg. The product range has been expanded by accident and disability policies in the late 19th century. Skandia 's shares were listed on February 4, 1863 on the Stockholm Stock Exchange.

In 1900, the first non - British insurer to establish a branch in the United States. 1964 combined five companies that originally were made up of 53 insurance companies, to the " Skandia Group." Due to a crisis in the Swedish financial market, the Skandia adopted at the beginning of the 1990s from their property, casualty and reinsurance lines in favor of medium-and long -term investment products in private and corporate business.

In November 2003, the Swedish corporate governance worried about Lars -Eric Petersson headlines. The media accused her of having bonuses unreasonably altered and approved proprietary service apartments. An intragroup Commission went to the allegations. Consequently, the Group forced the entire Swedish Board to resign and sued for damages parts of management. The German Skandia was not affected by the allegations. Both Lars -Eric Petersson and the former CFO Ulf Spång were later acquitted on all counts.

In Stockholm was Petersson heavy embezzlement found in May 2006 and sentenced to two years' imprisonment. The court considered it proven that Petersson had acted for their own benefit and without the consent of the Supervisory Board. The resulting loss was estimated at 156 million kroner ( 16.8 million euros ). From these allegations Lars -Eric Petersson was also acquitted on appeal. Again, the German Skandia was not affected by the allegations.

Since February 2006, the financial services group founded in 1845 is part of the British- South African Old Mutual Group, which is for 6.8 billion U.S. dollars over 98.2 percent of the equity portfolio of Skandia secured (as of 31 March 2006). Old Mutual employs 55,000 people (as of June 2011) and is among the ten largest European life insurers. The Group serves over 15 million customers in Europe, North and South America, Africa and Asia. In fiscal 2010, the Group achieved an adjusted operating profit before tax of 1.5 billion pounds ( 1.7 billion euros ) ( on an IFRS basis ) and managed a fund volume of 309 billion pounds ( 350 billion euros ) in its core business. CEO of Old Mutual Group is Julian Roberts.

In 2009, the merged previously independent Skandia companies in Germany, Austria, Switzerland and Poland to the Skandia Retail Europe business unit to create a powerful provider of financial solutions in the Central European residential segment. 2010 Skandia Retail Europe has its profits by 140% from 25 million euro in 2009 to 60 million euros in 2010, and managed investment volume by 23% from 4.7 billion euros in 2009 increased to 5.8 billion euros in 2010. CEO of Skandia Retail Europe since April 2009, the Swede Jonas Jonsson.