“Länsförsäkringar AB is about to make major changes in several areas and for a variety of reasons. Competition in the banking, life assurance and non-life insurance sectors is becoming increasingly fierce. The financial and debt crisis will leave its mark on the operations for a long time in the future. Our focus will be shifted from traditional guarantee products with bonus elements towards more individual solutions in unit-linked insurance. The focus for asset management will also be changed. Länsförsäkringar Kapitalförvaltning has experienced a number of difficult years and struggled with the traditional life-assurance company’s irregular and long debts. Gustav and I have defined a need for these changes to start at the top and, as a result, Gustav will leave Länsförsäkringar AB and his position as the Head of Länsförsäkringar Kapitalförvaltning,” says Sten Dunér, President of Länsförsäkringar AB.

“The recruitment process for Gustav Karner’s successor as the Head of Länsförsäkringar Kapitalförvaltning will shortly be completed. I would like to extend my thanks to Gustav for his tremendous work as the Allocation Manager and the Head of Länsförsäkringar Kapitalförvaltning since 2006, and also for his nearly eleven years of work at Länsförsäkringar. I wish him all the best for the future. I am grateful for the loyalty that Gustav has shown and is now demonstrating by remaining in his position as Head of Länsförsäkringar Kapitalförvaltning until February 15, 2012 at the latest,” says Sten Dunér.

For further information, please contact:

Sten Dunér, President of Länsförsäkringar AB, +46 8 588 400 00

Gustav Karner, Head of Länsförsäkringar Kapitalförvaltning, +46 8 588 400 00

The Länsförsäkringar Alliance comprises 23 local and customer-owned regional insurance companies and the jointly owned Länsförsäkringar AB. Customers are provided with a complete offering of banking and insurance services through their local, regional insurance companies. We offer animal and crop insurance through Agria Djurförsäkring and total solutions for reliable mortgage transactions are offered through Länsförsäkringar Fastighetsförmedling.