If raises $169mn in new capital from regional investors

Nordic nonlife insurer If has successfully raised SKr1.6bn (US$169mn) of new capital from its shareholders Sampo Plc, Storebrand, Skandia, Varma Sampo, and Skandia Liv. Some SKr1.0bn of this is in the form of equity capital, and SKr0.6bn in the form of subordinated debt. Contributions are made pro rata, so there will be no change in voting strength.