History
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1731
The oldest component of TrygVesta's history is the Danish insurance company Kjøbenhavns Brand. Kjøbenhavns Brand was established by Royal Decree as a consequence of the Copenhagen Fire of 1728. -
1895
Dansk Kautionsforsikrings-Aktieselskab (now Tryg Garanti) was establised on 18 January 1895. The main purpose of Dansk Kaution was to provide guarantees for authorities and business people against direct losses. -
Vesta in Norway establised a subsidiary by the name of Dial, which name changed to Enter in 2000. Enter is now a subsidiary of TrygVesta and sells insurance through selected business partner including car dealers.
1991
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1994
Tryg acqures the Danish insurance operations of Winterthur. -
1995
Tryg acquires Baltica and continue operations under the name Tryg-Baltica. The name was simplitied and changed to Tryg in 2001. -
1996
Tryg-Baltica is listed on Copenhagen Stock Exchange. Tryg i Danmark retains a 60 % ownership share. -
1998
Dansk Kaution (now Tryg Garanti) became part of Tryg. Tryg entered the Polish insurance market, acquiring a strategic stake in the company Energo-Asekuracja, which was established in 1994. Tryg gained controlling influence of Energo-Asekuracja in 2000, and in 2002 the name of the company was changed to Tryg Polska. -
1999
Tryg merge with Denmark's second-largest banking group, Unidanmark, and the general insurance activities of Unibank was integrated with Tryg.
At the end of 1999, the Norwegian insurance company Vesta is acquired from Skandia.
Tryg acquires the English company Colonia Baltica, which was integrated into Tryg's reinsurance company Tryg-Baltica International to form TBi. -
2000
Tryg, Vesta and Unibank contribute to the formation of Nordea. Tryg i Danmark by this hold a 6% share in the Nordic banking group. -
2001
Tryg etablishes a branch office in Finland. -
2002
Tryg acquires the Estonian insurance company Nordicum Kindlustus, which was established in 1990.
Later that year, Tryg i Danmark smba acquires Nordea's non-life insurance activities and forms TrygVesta. The Group continues using the brand names Tryg in the Danish marked and Vesta in the Norwegian market.
The Group simultaneously acquires Zurich's Danish and Norwegian non-life insurance activities. -
2003
Stine Bosse is appointed CEO of TrygVesta and launches an ambitious turnaround project under the headline Combined Ratio 95. The aim is to prepare Tryg for a listing within a few years.
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2005
TrygVesta is listed on the OMX Nordic Stock Exchange Copenhagen on 14 October 2005 with an opening share price of DKK 230.
In December 2005, TrygVesta becomes part of the OMXC20 index comprising the 20 most traded shares on the OMX Nordic Stock Exchange Copenhagen. -
2006
TrygVesta launches a Swedish branch, Vesta Skadeförsäkring, in June 2006.
In line with TrygVesta's strategic focus on the Nordic region, TrygVesta divests Chevanstell Limited, the UK business in run-off.
Dansk Kaution (now Tryg Garanti) extended its business area to the entire Nordic region. TrygVesta Garanti become the brand name in Norway, while Vesta Garanti become the brand name in Sweden. -
2007
TrygVesta's Finnish operations starts selling commercial insurances to small businesses.
Tryg Forsikring changed its name to TrygVesta Forsikring. Vesta Forsikirng in Norway became a branch of Tryg Forsikring. The Norwegian branch also changed its name to TrygVesta, the new brand name in Norway.
Dansk Kaution changed its name to TrygVesta Garantiforsikring A/S. The new name makes the affilication with TrygVesta clear and is connected with the TrygVesta Garanti's new Nordic strategy. -
2008
TrygVesta and AXA Corporate Solutions enter an agreement whereby TrygVesta will use the international network of AXA Corporate Solutions to meet Nordic customers' international insurance requirements.
TrygVesta and Nordea extend the successful partnership, operated since 1999, to 2013.
TrygVesta set up a Swedish corporate business, initially with an office in Stockholm. -
2009
The acquisition of the Swedish insurance company, Moderna Försäkringar, was completed on 2 April 2009, making Moderna a part of TrygVesta. Moderna contributed around 250 employees and a 4% share of the Swedish market to the Group.
TrygVesta launches an ambitious refurbishment project called The Living House. The project is to transform the head offices at Bergen and Ballerup into workplaces of the future and was completed in 2011. -
2010
TrygVesta sells the renewal rights for the portfolio of Marine Hull insurances to Codan, the Danish subsidiary of RSA Insurance Group. Together with the renewal rights TrygVesta’s marine hull organisation in Ballerup, Bergen and Stockholm, a total of 24 employees, was transferred to Codan.
In August, TrygVesta simplifies its name to Tryg. The change is a natural consequence of a stronger joint Nordic culture in the group and a close cooperation across borders. Due to the name similarity with RSA's Swedish operations Trygg-Hansa, Tryg’s products and services in Sweden are marketed under the name Moderna. -
2011
Group CEO Stine Bosse resigns after 24 years with Tryg and eight years as CEO. The Supervisory Board appoints Morten Hübbe as her successor. Morten Hübbe has been with Tryg since 2002 and been CFO since 2003.
On 1 June, Tryg implements an organisational change that aims to guarantee a greater focus on profitability in the individual business areas. The new organisation has a simpler structure, with a clear allocation of roles and responsibilities and short decision-making processes.
On 2 July, a violent cloudburst hits Denmark. This cloudburst leads to claims of DKK 1.2bn, as a result of reinsurance, Tryg's expenditure totals DKK 196m.
On 1 September, Tor Magne Lønnum takes up the position of CFO. Tor Magne Lønnum comes from a position of CFO and Deputy CEO of Gjensidige Forsikring ASA.
