Increase in non-life profits for Pohjola

The restructuring of Finlands Pohjola Group is forging ahead. The Finnish Insurance Supervision Authority has given the go-ahead for the transfer of Pohjolas non-life business to Pohjola Non-Life, a company specially set up for the purpose. All the non-life business, with the exception of that underwritten in Canada and Hong Kong, was transferred at the beginning of this month. The rest of the portfolio will be transferred when all the regulatory and some other conditions have been met. Pohjola expects this to be next summer.