Christian Baltzer to continue as CEO of Codan Denmark Following Completion of Proposed Takeover by Intact Financial Corporation
News provided by
Share this article
Share this article
TORONTO, April 22, 2021 /CNW/ - Intact today confirmed that Christian Baltzer will continue as CEO of Codan Denmark following the completion of the proposed takeover of RSA Insurance Group plc by Intact Financial Corporation (TSX: IFC) and Tryg A/S, currently expected in the second quarter of 2021.
Under the proposed transaction, Codan Denmark will be jointly owned by the two parties on a 50/50 economic basis with Intact taking management responsibility.
Working together with Intact, Christian Baltzer and the Codan Denmark-team will drive the continued success of the business, whilst assessing strategic alternatives for its long-term ownership.