Acathia Capital Completes Acquisition of Swedish Life Insurer Futur Pension
Summary
FRANKFURT, Germany--(BUSINESS WIRE)--With the receipt of approvals from the Swedish Financial Supervisory Authority, Acathia Capital has completed the increase of its stake in Futur Pension Försäkrings AB, the most successful life insurer in Sweden. Dr. Thomas Schmitt, managing partner of Acathia Capital, comments: “Futur Pension has increased its market share from 7% to over 11% of premium volume since we have become owners in 2019, making it market leader in Sweden.” - #1 in cost efficiency (cost ratio is over 80% lower than next best competitor) Torgny Johanson, CEO of Futur Pension says: “We are looking forward to leverage the great potential of FuturPension to further increase premium volume, assets under administration and profit in close partnership with our owners.” Futur Pension is the largest life insurer in Sweden with over 11% premium market share. As a savings platform, Futur Pension administrates assets in the form of unit-linked insurance policies with around EUR 19 bn. Through end-to-end digitalization, FuturPension has unique competitive advantages through unrivalled time-to-market and simultaneous cost and service leadership. www.futurpension.se/about Acathia Capital is the leading German private equity manager specializing in investments in insurers and other financial services providers in Europe.