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

Financial Services

Prior projects under the name Icora Partners from 2010 to 2017