Sampo Group

From Wikipedia, the free encyclopedia

Sampo Group
Type Public (OMXSAMAS)
Founded 2004 (current form)
Headquarters Helsinki, Finland
Key people Georg Ehrnrooth (Chairman of the board), Björn Wahlroos (President and CEO)
Industry Financial services
Products Insurance
Net income €3.573 billion (2007)[1]
Employees 6,850 (2007)[1]
Website www.sampo.com

Sampo is a Finnish company in insurance, and, until the year 2006, banking. It is one of the largest companies in Finland. In November 2006, it was revealed that the banking business of Sampo is sold to the Danish Danske Bank, so that Sampo will concentrate on its insurance business. One of the main shareholders and CEO of Sampo is Björn Wahlroos, who is also one of the richest individuals in Finland.

Contents

[edit] If

Through If Skadeförsäkring Holding AB it controls the major Swedish insurance company If Skadeförsäkring AB and its Finnish sister company If Vahinkovakuutusyhtiö. The two companies also operate in Norway, Denmark and the Baltic countries.

[edit] Name

Sampo is the mythical machine in the Finnish folklore that creates salt, food and flour out of nothing. Thus appropriate for banking.

[edit] See also

[edit] References

  1. ^ a b Annual Report 2007. Sampo Group. Retrieved on 2008-04-11.