DENMARK: COMEBACK FOR CODAN
Article Abstract:
The Codan share has risen by 50 per cent since the end of 1999, when it reached the bottom. Today the share has a price of 150. This means that Codan has managed to avoid getting on the sales list of its parent company, Royal & Sun Alliance. Per Gronborg, analyst with Svenska Handelsbanken, characterizes the turn-around as impressive and raises the target price to 165. Chief executive of Codan, Jens Erik Christensen, says that the company is interested in a further consolidation in the Scandinavian countries. Codan and Royal & Sun Alliance have expressed an interest in buying If, but the plan was postponed after Sampo's attempt to buy Storebrand. Companies such as Topdanmark and Tryg-Baltica may also be among Codan's next targets.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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DENMARK: CUSTOMERS ABANDON CODAN
Article Abstract:
Codan, the Danish insurance company, has an image problem, according to a survey conducted by the consultancy company Pragmatic Marketing. The survey shows that 20% of its clients are planning to switch to another insurance company. The corresponding figure for other insurance companies is 12%. Tryg-Baltica and Topdanmark are the companies most often mentioned as alternatives to Codan. The survey involves interviews with around 900 Danes aged 25-65 years.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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Denmark: Codan upgrades distribution network in Denmark
Article Abstract:
Codan, the Danish insurance company, aims to upgrade its distribution capacity in Denmark, according to Jens Erik Christensen, who is top executive officer at Codan and ceo at Royal & SunAlliance, that owns a majority stake in Codan. Christensen says that even though the current distribution is good the company needs to plan alternative distribution channels.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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