Alm. Brand has completed the acquisition of Codan Forsikring's Danish business (“Codan”), thereby creating the second-largest non-life insurance company in Denmark with a more diversified customer portfolio, estimated at about 700,000 households and corporate customers. The new Alm.

Brand Group will consist of eight business areas, each headed by an Executive Vice President who will be in charge of managing and developing the business area across the group's brands. Five business areas are directly related to insurance operations and customer service (Industry, Commercial, Private, Bancassurance and Claims Services), while three business areas (Business Development & Technology, Finance and Staff Functions) are key to supporting the group's operations and development. Rasmus Werner Nielsen will be Group CEO and Executive Vice President of Staff Functions, and Anne Mette Toftegaard will be Deputy CEO and Executive Vice President of Private.

Mikael Hvolgaard will be Executive Vice President of Industry and will also be in charge of Private until Anne Mette Toftegaard takes up her position on 1 October 2022. Camilla Amstrup will be Executive Vice President of Commercial, Kim Bai Wadstrøm will be Executive Vice President of Bancassurance, and Henrik Bundgaard will be Executive Vice President of Claims Services. The new group management also comprises Andreas Ruben Madsen as CFO and Executive Vice President of Finance.

Kristian Hjort-Madsen is Executive Vice President of Business Development & Technology.