Danica Pension names CEO for Norwegian arm

first_img“Lars expressed a desire to head Danica Pensjon in Norway, and since we will continue to be able to benefit from his extensive network and strong competencies in our activities in Denmark, the move is right for both the Danica Group and for Lars, who will be heading this important task,” Klitgård said. Danica Pension is bolstering its Norwegian business with the appointment of one of its top executives to lead the operation.Lars Ellehave-Andersen, who came to Danica Pension in 2015 in a high-profile hiring coup from rival PFA, will be chief executive of Danica Pensjon in Norway.Per Klitgård, chief executive of Danica Pension, Denmark’s second largest commercial pensions provider, said: “With Lars Ellehave as CEO in Norway, we are strengthening our Norwegian business, where we see great potential.”Since August 2016, Ellehave-Andersen has been chief commercial officer (CCO) on Danica Pension’s board, having previously had a seven-month spell as chief executive of the Norwegian arm when he first switched to the company from PFA. Lars Ellehave-AndersenEllehave-Andersen is to be replaced as CCO by Søren Lockwood, who is currently chief executive of SEB Pension. Danica is in the process of buying SEB Pension’s Danish business.Lockwood will join Danica Pension’s executive board once the acquisition has been approved by the authorities, the company said.Ole Krogh Petersen has been promoted to the board as senior executive vice president, and will take on the role of chief operating officer (COO).Klitgård said that with Lockwood as CCO, the company had “the best possibilities of creating value for our customers with the acquisition of SEB Pension”.“We now have the right management team to secure an even stronger position for Danica Pension throughout Scandinavia,” he said.Danica’s 2017 resultsReporting preliminary 2017 financial results, Danica Pension said its investment return for the year gave the company “a mid-ranking in a field with very narrow margins separating the providers”.Customers in Denmark received returns of between 4.8% and 12.3%, while clients with the “Danica Balance medium risk” product, and 20 years to retirement, received 9.5%.The company made a DKK1.9bn (€255m) profit for the year before tax and premiums grew 17.5% to DKK39.7bn.The increase in premium income was partly due to a 47% increase in gross premiums via parent company Danske Bank in Denmark, it said.Out of its three Nordic markets, Sweden generated most business growth last year for Danica Pension, with premiums rising 39% there compared to 10% in Denmark and 8% in Norway.last_img read more

Sleek lines and waterfront views in modern marvel

first_imgThe builders crafted a design for great potential to catch the views.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019The home has three storeys, all designed with plenty of space to embrace views of the water.To top it off, the roof has a deck with views of the nearby water.“It is pretty much a 270-degree view of Bribie, right around the marina and to Moreton Island,” she said. 6 Fourth Avenue Scarborough 3D floor planThe house has what Mrs Tremble described as a modern and sleek style.It took about five months for the couple to build the home. Ideal for summer.The home is on the market now. Modern living inside and out.To take advantage of the location, which is in one of the northernmost points on the Peninsula, they decided to build up.“We played around with designs that suited the block,” she said The home is split on three levels.It has high-end features including high quality bamboo flooring, dual island kitchen benches and high ceilings in the living area. “I guess it would really suit professional families or retirees,” Mrs Tremble said. “It could suit a whole range of people.” SCENIC: The designers wanted the perfect home to take advantage of the view.AN EMPTY block of land in one of the best spots in the Redcliffe Peninsula was an opportunity Emma and Terry Tremble could not pass up.The couple had renovated a few houses before, but when they saw the empty 405sq m block they decided it was time to build something from scratch. “We wanted a house that really complemented the area and took advantage of the views and the location,” Mrs Tremble said. The home is just a quick walk from the waterfront.“The main thing I like about it is that the separate levels all have different purposes,” she said.“The bottom level is for the car garage and storage, (the second level) is the main entry off the street and is the living and entertainment space.“And the next level is for all the bedrooms, keeping it private.”last_img read more