General Insurance Article - Magnusson elected vice-president of Insurance Europe

 Torbjörn Magnusson, president and CEO of If P&C Insurance, Sweden, has today been elected vice-president of Insurance Europe, the European insurance and reinsurance federation. Magnusson will serve as vice-president of the federation until 2016.

 Welcoming Magnusson’s election, Insurance Europe’s president, Sergio Balbinot, said: ”I am delighted to have someone of Torbjörn’s calibre elected to serve alongside me to represent the European insurance industry. Our director general, Michaela Koller, and I very much look forward to working with Torbjörn on the many issues facing our industry today.”

 Magnusson said: ”I am, of course, delighted and honoured to be elected vice-president of Insurance Europe. The most important objective for me is to work to create the best possible business conditions for the European insurance industry.”

 Magnusson, a Swedish national, started his career in the insurance industry as an actuary with Skandia International. In his 23 years in the industry he also worked for Mercantile & General Re in London as actuary and chief actuary. He joined P&C Insurance in 1999 as head of commercial products, before becoming head of the company’s commercial division. He has been If’s president and CEO since 2002. He has been a member of Insurance Europe’s strategic board since June 2010. He sits on the board of Insurance Sweden, the Swedish insurance federation, and of the Swedish Insurance Employers’ Association, both of which he chaired from 2006 to 2009.

 If is the leading property and casualty insurance company in the Nordic region, as well as to Nordic customers with international operations, with approximately 3.6 million customers in the Nordic and Baltic countries. If is a fully-owned subsidiary of Sampo plc.