Eastern European Markets
May 11. 2006

If P&C is planning to start a company in Russia

If P&C Insurance Holding Ltd, part of Sampo Group, is aiming to establish a P&C insurance company in St Petersburg, Russia. If is therefore registering a new non-life company. The licensing process will be initiated in the near future.

"If is the leading P&C insurance company in the Nordic region and many of our corporate customers are active in the St Petersburg area. By upgrading our presence we can broaden our services and thus give even better support to our customers in the expanding Russian market says", Torbjörn Magnusson, CEO of If P&C.

If has a representative office in St Petersburg since 1995.

For further information
Hannu Vuola
Head of Group Communications
tel. +358 10 516 0040

Helsinki Stock Exchange

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