Bengt-Ake Fagerman Acting CEO of Skandia Liv from 1 June

Stockholm, SWEDEN

STOCKHOLM, Sweden, May 19, 2005 (PRIMEZONE) -- Skandia Liv's board has appointed Executive Vice President Bengt-Ake Fagerman as acting CEO of the company, effective 1 June.

Fagerman as been an Executive Vice President of Skandia Liv since 2002. Prior to that, he was President of Skandia Marknadsstod Spar (SMS).

Urban Backstrom is leaving Skandia Liv on 31 May in order to promptly take on his new work duties as Director General of the Confederation of Swedish Enterprise.

Bo Eklof, Chairman of Skandia Liv, comments:

"Bengt-Ake Fagerman has a depth and breadth of experience in the Swedish insurance market. Along with the Board of Directors I am convinced that the successful work that has been conducted under Urban Backstrom will now continue with undiminished strength."

 For further information, please contact: 
 Bo Eklof, Chairman, Skandia Liv 
 tel. +46-8-788 25 00
 Gunilla Svensson, Press Manager, Skandia
 tel. +46-8-788 25 00

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