Change of ownership for Qudos

Please note that on March 7th, New Nordic Odin Denmark ApS ("New Nordic") completed the purchase of all shares previously owned by Echelon Financial Holdings Inc. ("Echelon") in QIC Holdings Inc. ("QICH"). With this purchase New Nordic has now acquired control of QICH and its wholly-owned subsidiary, Qudos Insurance A/S ("Qudos"). This acquisition is an important milestone for the New Nordic group as it had been targeting a strategic acquisition in the European general insurance sector for a number of years. For Qudos, the acquisition is very welcomed as it reaffirms the company’s…continue reading →