Bloomberg News

Skandia Plans to Reduce German Mass Customer Business, FTD Says

May 25, 2012

Skandia, an insurer owned by Old Mutual Plc (OML), plans to reduce its mass customer business in Germany and focus on wealthy investors instead, Financial Times Deutschland reported, citing a company spokeswoman.

Skandia is also considering the shift in focus in Austria, Switzerland and Poland, according to the newspaper.

To contact the reporter on this story: Jana Randow in Frankfurt at jrandow@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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