Carnegie has acted as exclusive financial adviser to Alpha Insurance in the divestment of Nemi Forsikring to Insr Insurance Group.
Nemi Forsikring is a non-life insurance company operating in the Norwegian market providing a range of standardised insurance products to both private/retail and commercial customers. The company has c. 50,000 private and 4,500 commercial customers.
Nemi Forsikring has a dual market approach, selling insurance through external distribution (franchise, external partners and white label affiliates) in additions to direct sales under the Nemi brand. The company has 117 employees (year-end 2016). Nemi Forsikring has realised considerable growth in recent years, with gross written premiums increasing from NOK 501m in 2014 to NOK 689m in 2016