Skip to main content

Nationwide Global Holdings andDanica Life agreement

Original announcement entitled "Nationwide Global Holdings reaches agreement with
Danica Life".

September 9, 2002

Stock Exchange announcement No. 26/2002

Danica Life S.A., the subsidiary of Danica Pension in Luxembourg, has been sold to NGH, Luxembourg S.A., a subsidiary of Nationwide Global Holdings, Inc., U.S.A., the parent company of PanEuroLife S.A. in Luxembourg.

Under the sales agreement, PanEuroLife will maintain Danica Life’s current cooperation with Danica Pension; Danske Bank International, Luxembourg; and several other companies of the Danske Bank Group.

The sale opens the door to an exciting collaboration with PanEuroLife, one of the leading cross-border insurers in Europe, and its US owners, Nationwide Mutual Insurance Company, Columbus, Ohio U.S.A., which is one of the largest insurance groups in the USA.

The completion of the sale is conditional on the approval of the Luxembourg authorities.