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Vital Forsikring
Vital Forsikring ASA, branded as Vital is Norway's largest life insurance and pension insurance company, and part of the DnB NOR Group. Though Vital has roots back to 1847, it was created in its present form by a merger between Vital and Gjensidige NOR's life insurance section after the mother companies merged in 2003. Vital has its headquarters in Bergen, Norway and has total assets of . Vital also owns a large portfolio of real estate, valued about NOK 24 billion. This includes the entire portfolio of real estate owned by the entire DnB NOR group in Norway. History Vital has its roots back to 1847 when Gjensidige was created. Gjensidige merged with Glitne (1968), Samtrygd (1985), Forenede Forsikring (1992) and Sparebanken NOR Forsikring (1999). The brand name Vital was created in 1990 when Hygea (founded in 1884) and Norsk Kollektiv Pensjonskasse (founded in 1938) merged to found Vital. Vital was bought by Den norske Bank in 1996. In 2003, after the mother compan ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Samtrygd
Samtrygd was an insurance company based in Oslo, Norway. It was founded as Samtrygd, Norsk Gjensidige Forsikringsforening in 1922 as a reinsurance company for 260 smaller fire treasuries. From 1958 it developed several types of general insurance. It shared manager with the car insurance Norsk Bilforsikring Gjensidige for many years, merging in 1974. In the same year, it started a cooperation with the life insurance company Livsforsikringsselskapet Gjensidige, and in 1976 the Gjensidige name and logo became the sole in use. CEOs and chairs The chief executives and board chairmen of Samtrygd were: ;Chief executives *1922-1941: Hjalmar Steenstrup *1941-1958: A. H. Andersen *1958: Rolf Løchen (acting) *1958-1984: Jæger Dokk (from 1976 in Gjensidige Skade) ;Chairs *1922-1934: Rasmus Mortensen *1935-1943: Johan E. Mellbye *1943-1946: Kristoffer Skraastad Kristoffer Skraastad (31 July 1865 – 7 March 1948) was a Norwegian farmer and politician for the Conservative Party. He was ...
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Companies Formerly Listed On The Oslo Stock Exchange
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Financial Services Companies Established In 1990
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability ...
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Companies Based In Bergen
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Den Norske Bank
Den norske Bank or DnB was a Norwegian bank that existed between 1990 and 2003 when it merged with Gjensidige NOR to form DnB NOR (now DNB ASA). The bank's headquarters were in Bergen, Norway. DnB was created as a merger between Bergen Bank and Den norske Creditbank in 1990 after a major downturn in the economy, especially affecting the banks, who lost vast amounts of money due to misheld loans and falling housing prices. The state held a majority ownership in the bank in addition to its being listed on the Oslo Stock Exchange. In 1996, DnB bought Vital Forsikring and in 1999 it merged with Postbanken Postbanken (lit. The Postal Bank) was a Norway, Norwegian postal savings bank. The bank offered its services through the Posten (Norway), Norwegian post office. It was first merged into DNB ASA as a subsidiary, and then dissolved in 2011. Histor .... External links DNB web site Defunct banks of Norway Companies formerly listed on the Oslo Stock Exchange Formerly governm ...
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Norsk Kollektiv Pensjonskasse
Norsk Kollektiv Pensjonskasse was a life insurance company based in Bergen, Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and the .... It was founded in 1938. In 1990 the owners decided to merge it with Hygea to create Vital Forsikring. References Insurance companies of Norway Companies based in Bergen Financial services companies established in 1938 1938 establishments in Norway Financial services companies disestablished in 1990 {{Norway-company-stub ...
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Hygea (company)
Livsforsikringsselskapet Hygea was a life insurance company based in Bergen, Norway. It was founded in 1883. It was for many years a part of the Vesta Group, and shared leadership with the Vesta Group's flagship Vesta; together they were branded as Vesta-Hygea. After the Vesta Group was bought by Skandia in 1989, the new owners decided to merge Hygea with Norsk Kollektiv Pensjonskasse in 1990 to create Vital Forsikring Vital Forsikring ASA, branded as Vital is Norway's largest life insurance and pension insurance company, and part of the DnB NOR Group. Though Vital has roots back to 1847, it was created in its present form by a merger between Vital and Gjen .... References Insurance companies of Norway Companies based in Bergen Financial services companies established in 1883 1883 establishments in Norway Companies disestablished in 1990 {{Norway-company-stub ...
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Sparebanken NOR
Union Bank of Norway branded as Sparebanken NOR was Norway's largest savings bank between 1990 and 1999. The bank was created as a merger between Sparebanken ABC and four other regional savings banks. The new bank had its headquarters in Oslo and was in existence until 1999 when it merged with Gjensidige to form Gjensidige NOR. Today the bank is part of DnB NOR. The bank was primarily concentrated around Eastern Norway where the original five banks had branches in Akershus, Buskerud, Oslo, Vestfold and Østfold in addition to offices in Bergen, Bodø, Kristiansand, Tromsø, Trondheim and Vadsø in addition to Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan .... External links DnB NOR corporate web site Defunct banks of Norway Companies formerly listed on the Oslo ...
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Glitne
Glitne was a general insurance company based in Norway. It was named after Glitnir in Norse mythology. It was founded as Folkepensjonskassen Glitne on 17 December 1889, and was an early measure for social security. It merged with Gjensidige Gjensidige Forsikring ASA is a Norwegian insurance company. The company traces its roots back to 1816 when a fire mutual was founded as ''Land Gjensidige Brandkasse'' in what is today Innlandet county. Gjensidige demutualised and listed on the O ... in 1968. References Insurance companies of Norway Financial services companies established in 1889 1889 establishments in Norway Financial services companies disestablished in 1968 {{Norway-company-stub ...
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Bergen
Bergen (), historically Bjørgvin, is a city and municipality in Vestland county on the west coast of Norway. , its population is roughly 285,900. Bergen is the second-largest city in Norway. The municipality covers and is on the peninsula of Bergenshalvøyen. The city centre and northern neighbourhoods are on Byfjorden, 'the city fjord', and the city is surrounded by mountains; Bergen is known as the "city of seven mountains". Many of the extra-municipal suburbs are on islands. Bergen is the administrative centre of Vestland county. The city consists of eight boroughs: Arna, Bergenhus, Fana, Fyllingsdalen, Laksevåg, Ytrebygda, Årstad, and Åsane. Trading in Bergen may have started as early as the 1020s. According to tradition, the city was founded in 1070 by King Olav Kyrre and was named Bjørgvin, 'the green meadow among the mountains'. It served as Norway's capital in the 13th century, and from the end of the 13th century became a bureau city of the Hanseatic Leag ...
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