Last updated
Tryg A/S
Type Publicly traded Aktieselskab
Nasdaq Copenhagen:  TRYG
Industry Insurance
Founded2002;20 years ago (2002)
Headquarters Copenhagen, Denmark
Area served
Denmark, Norway, Sweden, Finland
Key people
Morten Hübbe
ProductsGeneral insurance services

Tryg A/S is a Scandinavian insurance company present in Denmark, Norway, Sweden and Finland. The company is the largest provider of general insurance services in the Nordic countries and is listed on Nasdaq OMX Copenhagen. [1]



The current company was created in 2002 through the merging of Tryg Forsikring and Nordea's insurance activities. The company was listed on the Copenhagen stock exchange in October 2005. [2] Tryg Forsikring traced its history back to the foundation of Kjøbenhavns Brandforsikring in 1731.

Morten Hübbe replaced Stine Bosse as CEO on 1 February 2011. [3]

In November 2020, Canadian insurer Intact Financial Corporation and Tryg announced a joint offer to acquire RSA Insurance Group. This would represent an approximately £7.2 billion transaction with Intact paying £3.0 billion and Tryg paying £4.2 billion. Intact would retain RSA's Canada and UK & International operations and obligations, Tryg would retain RSA's Sweden and Norway operations, and Intact and Tryg would co-own RSA's Denmark operations. [4] The closing of the acquisition is expected to occur in the second quarter of 2021 subject to receipt of approval from the relevant regulatory and antitrust authorities and the satisfaction or (where capable of waiver) waiver of other conditions to closing.

In May 2022, it was announced Tryg and Intact Financial had sold their Codan Forsikring A/S’s Danish subsidiary - Codan Denmark to Alm. Brand A/S Group. [5]

Related Research Articles

Scandinavian Airlines Flag-carrier airline of Denmark, Norway, and Sweden

Scandinavian Airlines, more commonly known and styled as SAS, is the flag carrier of Denmark, Norway, and Sweden. SAS is an abbreviation of the company's full name, Scandinavian Airlines System or legally Scandinavian Airlines System Denmark-Norway-Sweden. Part of the SAS Group and headquartered at the SAS Frösundavik Office Building in Solna, Sweden, the airline operates 180 aircraft to 90 destinations. The airline's main hub is at Copenhagen-Kastrup Airport, with connections to 109 destinations around the world. Stockholm Arlanda Airport is the second largest hub, with Oslo Airport, Gardermoen being the third major hub of SAS. Minor hubs also exist at Bergen Airport, Flesland, Göteborg Landvetter Airport, Stavanger Airport, Sola, and Trondheim Airport, Værnes. SAS Cargo is an independent, wholly owned subsidiary of Scandinavian Airlines and its main office is at Copenhagen Airport.

Copenhagen Airport International airport serving Copenhagen, Denmark

Copenhagen Airport, Kastrup is the main international airport serving Copenhagen, Denmark, the rest of Zealand, the Øresund Region, and a large part of southern Sweden including Scania. It is the second largest airport in the Nordic countries. Before the Covid-19 pandemic it was the largest airport in the Nordic countries with close to 30.3 million passengers in 2019. It is one of the oldest international airports in Europe. It is the fourth-busiest airport in Northern Europe, and the busiest for international travel in Scandinavia.

Swiss Re Swiss reinsurance company

Swiss Reinsurance Company Ltd, commonly known as Swiss Re, is a reinsurance company based in Zurich, Switzerland. It is the world's largest reinsurer, as measured by net premiums written. Swiss Re operates through offices in more than 25 countries and was ranked 118th in Forbes Global 2000 leading companies list in 2016. It was also ranked 313th on the Fortune Global 500 in 2015.

Gen Re

General Reinsurance Corporation is an American multinational property/casualty and life/health reinsurance company offering a range of reinsurance products and services. The company is a primarily direct reinsurer and is represented in all major reinsurance markets worldwide through a network of more than 40 offices. Gen Re is a member of the Berkshire Hathaway Inc group of companies.

Zurich Insurance Group Company

Zurich Insurance Group Ltd is a Swiss insurance company, headquartered in Zürich, and the country's largest insurer. As of 2021, the group is the world's 112th largest public company according to Forbes' Global 2000s list, and in 2011 it ranked 94th in Interbrand's top 100 brands.

RSA Insurance Group British multinational general insurance company

RSA Insurance Group Limited is a British multinational general insurance company headquartered in London, England. RSA has major operations in the United Kingdom, Ireland, Scandinavia & Canada. It provides insurance products and services in more than 100 countries through a network of local partners. It has 9 million customers. RSA was formed by the merger of Sun Alliance and Royal Insurance in 1996.

Storebrand Norwegian financial services company

Storebrand is a financial services company in Norway. By volume, the company's main activities are related to life insurance and pension savings. However, the company also has major divisions working on investments, banking and, until 1999 and again since 2006, P&C insurance products. Through its acquisition of Swedish SPP from Handelsbanken in 2007, Storebrand gained a sizable division dedicated to the Swedish market for life insurance.

Coop Norge

Coop Norge SA is a Norwegian cooperative. It is owned by 117 local cooperatives with more than 1.3 million members. The company has its headquarters in Oslo.

Vital Forsikring

Vital Forsikring ASA, branded as Vital is Norway's largest life insurance and pension insurance company, and part of the DnB NOR Group. Though Vital has roots back to 1847, it was created in its present form by a merger between Vital and Gjensidige NOR's life insurance section after the mother companies merged in 2003. Vital has its headquarters in Bergen, Norway and has total assets of 200 billion kr.

Gjensidige Forsikring ASA is a Norwegian insurance company. The company traces its roots back to 1816 when a fire mutual was founded as Land Gjensidige Brandkasse in what is today Oppland county. Gjensidige demutualised and listed on the Oslo Stock Exchange in December 2010. The firm, headquartered in Oslo, has a market share of some 25% (2016) in the Norwegian insurance market. The company has 36 branch offices in Norway, not including affiliated fire mutuals, and 1 million customers. Gjensidige has subsidiaries in Denmark, Sweden and The Baltics.

Codan A/S is a Danish insurance company, which was founded in 1916. The company is Scandinavia's third largest insurance company and operates also the company Trygg-Hansa in Sweden, and the group operates in the Baltic states and Norway.

Alka Forsikring, formally Insurance Joint Stock Alka, is a Danish insurance company that was established in 1944. Alka provides accident and life insurance. It is owned by trade unions and associated organisations.

Intact Financial Corporation is a Canadian multinational property and casualty insurance company. Originally established in 1809 as the Halifax Fire Insurance Association, it was later acquired by Nationale-Nederlanden and from 1993 to 2009 was a subsidiary of the Dutch multinational ING Group under the name ING Canada. Intact Financial directly underwrites insurance through its subsidiary companies Intact Insurance and Belair Insurance, as well as operating additional brokerage, insurance service, and damage restoration subsidiaries. As of 2017, Intact was the largest provider of property and casualty insurance in Canada by annual premiums.

Denmark–Netherlands relations Bilateral relations

Denmark–Netherlands relations are the bilateral relations between Denmark and the Netherlands. Denmark has an embassy in The Hague and the Netherlands has an embassy in Copenhagen. Both countries are full members of NATO and the European Union. Princess Beatrix is a Dame of the Order of the Elephant since 29 October 1975. On 31 January 1998, King Willem-Alexander of the Netherlands also received the Order of the Elephant.

Riwal Cycling Team Danish cycling team

Riwal Cycling Team is a Danish UCI Continental cycling team based in Himmerland. Riwal participates in races in many countries around Europe. The team's most popular achievements have been the Danmark Rundt, the Olympia's Tour in the Netherlands and the Okolo Slovenska. The team has 10 full-time riders. Most of the team riders are Danish but also includes Swedish, Dutch and Norwegian members. The team has one sports manager and several freelancers.

Vardia Insurance Group is a Norwegian insurance company, headquartered in Oslo, Norway. The company has operations in Norway, Sweden and Denmark. The company was listed on the Oslo Stock Exchange in 2014.

Alm. Brand

Alm. Brand is a Danish financial services group operating within the markets for non-life, life and pension insurance.

Bank Norwegian AS is a Norwegian digital bank which provides loans, credit cards and savings accounts to consumers. The company was founded in November 2007 and is headquartered at Fornebu, Norway and have customers in Norway, Sweden, Denmark, Finland, Germany and Spain. Bank Norwegian cooperates with Norwegian Air Shuttle ASA on their loyalty program available in selected markets. in 2021, the bank has more than 1,7 million customers in total.

Kjøbenhavns Brandforsikring Defunct Danish fire insurance company

Kjøbenhavns Brandforsikring, founded in 1731, was the first Danish provider of fire insurance in Denmark. It existed as an independent enterprise until 1976 and is now part of Tryg. The company's last headquarters was the Gustmeyer House at Ved Stranden 14 in central Copenhagen.


  1. "About Tryg". Tryg. Retrieved 2012-05-11.
  2. "Tryg". Retrieved 2012-05-11.
  3. "Tryg udnævner ny adm direktør" (in Danish). NP Investor. Retrieved 2012-05-11.
  4. "RSA Insurance Group Plc ("RSA") further Statement Regarding Proposal". Retrieved 2021-03-13.
  5. "ALM. Brand acquires Codan DK, announces management appointments - Reinsurance News". 2022-05-11. Retrieved 2022-05-11.