Asset description

  • Well established and rapidly growing insurance company in Iceland
  • Provides services to all segments within Property and Casualty insurance as well as offering Life insurance
  • Earned premiums of ISK 5.3 bn. (€40m) in 2015


  • Icora’s role

  • Icora advised BankNordik on its disposal of 100% stake in Vordur to Arion banki
  • Led negotiations on price and key deal terms
  • Analysis to underpin the valuation of the company in the sale
  • Provided commercial input in drafting of deal documents
  • Project managed the transaction


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