Skandia confirms NIG is for sale.
Skandia has confirmed it is seeking to withdraw from the UK market and is looking for a buyer for it...
Skandia has confirmed it is seeking to withdraw from the UK marketand is looking for a buyer for its UK subsidiary NIG Skandia.
The Swedish insurer is hoping to sell off NIG by 2001 when it will merge
its Nordic non-life operations and float them as a separate company. A
statement issued by NIG Skandia last month said the company would not be
"part of the newly-merged property and casualty company and will be
seeking a new shareholder partner prior to flotation date".
In 1998, NIG Skandia made a
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