TrygVesta sells marine hull business to RSA's subsidiary Codan

TrygVesta Forsikring A/S and Codan Forsikring A/S have agreed that Codan, the
Danish subsidiary of RSA Insurance Group, for a total consideration of DKK 50m
will purchase the renewal rights for TrygVesta's portfolio of marine hull
insurance. 

The annual premium income for the segment was approximately DKK 400m in 2009
and consists of marine hull insurance contracts for the Nordic market. The
portfolio represents approximately 7% of the Nordic market for marine hull
insurance. 

Together with the renewal rights TrygVesta's marine hull organisation in
Ballerup, Bergen and Stockholm, a total of 24 employees, will be transferred to
Codan. 

The transfer is expected to be completed during the spring of 2010 and is
subject to approval by the authorities. 


Additional information:
For further information visit www.trygvesta.com or contact our Communications
department; 

Communication Director Gerhard Dall
Phone +45 3056 3072 or e-mail gerhard.dall@tryg.dk


TrygVesta is the leading Nordic provider of “peace of mind” solutions with
property & casualty insurance operations in Denmark, Norway, Sweden and
Finland. TrygVesta is listed on OMX Copenhagen Stock Exchange and 60% of the
shares are held by Tryg i Danmark smba.