trending Market Intelligence /marketintelligence/en/news-insights/trending/ymwkcceiawgcjyjjjnkioa2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Vátryggingafélags Íslands board recommends lowering equity ratio

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Investment Research Brokers Ramp up Cryptocurrency Coverage

Blog

COVID-19 Impact & Recovery: Financial Industry Outlook for H2 2021


Vátryggingafélags Íslands board recommends lowering equity ratio

Vátryggingafélags Íslands hf.'s board has recommended changes to the company's capital structure, including lowering the equity ratio.

If the company moves forward with the changes, its equity ratio will be between 25% and 28% after three to five years. The changes are aimed at making the Icelandic insurance company more in line with Nordic insurance companies, which generally have lower equity and higher solvency ratios, according to a press release.

The capital structure adjustment is subject to approval at a shareholders' meeting, which may be held before the end of the second quarter. It is also subject to the approval of the Financial Supervisory Authority.