Our Nordic Legacy
Codan Forsikring A/S was established in 1916 by four different companies. In 1940, the company merged with Phoenix Assurance Company Ltd. Later, the group was joined by Fjerde Søforsikring and Hafnia Forsikring (both with substantial marine insurance departments).
- Codan Forsikring A/S was publicly listed in 1964.
- Since 1990, Royal & Sun Alliance has held 71,7 per cent of Codan's share capital, making the UK-based insurer the company's largest stakeholder. Royal & Sun Alliance is rated A- by Standard & Poor.
- In 1999, the company bought 100% of the Stockholm-based insurance company Trygg-Hansa.
- In 2000 Codan Forsikring A/S together with Trygg-Hansa, established a marine insurance office in Gothenburg.
- In 2001 Codan Forsikring A/S established a marine insurance office in Bergen, Norway: Codan Marine Services A/S.
- In 2001, Codan Forsikring A/S acquired Zurich Marine Stockholm.
- In 2005, the renewal rights of Top Denmark A/S' marine Portfolio were acquired.
- In 2007, Codan Forsikring A/S acquired Pohjola Marine Helsinki. The same year the Marine division was rebranded to Codan Marine Services to help emphasise the completely Nordic nature of the marine organisation.
- In 2008 Royal & Sun Alliance changed its name to RSA, simplifying and refreshing the corporate brand. Codan followed suit and the Marine division now operates under the name Codan in all Nordic countries.
- In 2010 Codan Forsikring A/S acquired Tryg-Vesta's Nordic marine portfolio.
- In June 2021 an acquisition of RSA Insurance Group was formally completed. This means that Codan Denmark is now jointly owned by Intact Financial Corporation and Tryg A/S.
- On 2 May 2022 the Danish insurance company Alm. Brand acquires Codan Forsikring A/S. Codan Denmark incl. Marine Hull is now owned by Alm. Brand.