8 November 2019
Announcement no. 71/2019

Alm. Brand A/S – Jesper Mørch Sørensen, CEO of Alm. Brand Forsikring A/S, retires

Jesper Mørch Sørensen, CEO of Alm. Brand Forsikring A/S, has decided to retire.

After more than 15 years of employment in Alm. Brand Forsikring A/S, Jesper Mørch Sørensen retires. During this period, a significant income has been generated in the insurance company with a combined ratio for the entire period of 89%.

"I am proud to have achieved this result together with our skilled employees. However, I now believe that it is the right time for me to step down. I have enjoyed a very good working relationship with Søren Boe Mortensen over the years, and I strongly believe that I would also have a good relationship with Rasmus Werner Nielsen. But I do think that this is the right time for me to make room for new people ", says Jesper Mørch Sørensen.

Rasmus Werner Nielsen, CEO of Alm. Brand A/S, comments: "I would like to thank Jesper Mørch Sørensen for his great contribution over the years and I wish him all the best in the future."

The Board of Directors in Alm. Brand Forsikring A/S has appointed Rasmus Werner Nielsen, CEO of Alm. Brand A/S, as acting CEO of Alm. Brand Forsikring A/S until a new CEO of the insurance company has taken up office.

Contact
Please direct any questions regarding this announcement to:

Investors and analysts:                                                                     Media:

Investor Relations Manager                                                             Head of Media
Mikael Bo Larsen                                                                                 Kristjan Jørgensen                   
mobile no. +45 51 43 80 02                                                               mobile no. +45 21 72 82 11

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