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TARK GRUNTE SUTKIENE advised RSA in conclusion of an agreement for exclusive distribution of non-life insurance products with SEB

TARK GRUNTE SUTKIENE advised RSA in conclusion of an agreement for exclusive distribution of non-life insurance products with SEB

30.05.2011

On 19 April 2011, a global insurance group RSA and a leading Nordic financial services group SEB announced that that they’ve entered into a partnership for provision of non-life insurance products to SEB’s customers in Estonia. According to the exclusive distribution agreement entered into between RSA Estonia, SEB Bank and SEB Leasing, RSA will become the sole supplier of non-life insurance products through the bank’s and leasing’s distribution network.

From 16th May 2011, SEB’s clients will receive RSA’s insurance offers in conjunction with SEB’s loan and lease products. The range of RSA insurance products offered in co-operation with SEB include: Motor Own Damage and Motor Third Party Liability, Household and Travel as well as Commercial Property.

TARK GRUNTE SUTKIENE lawyers advising RSA in the preparation and execution of the deal were Rene Frolov andKuldar-Jaan Torokoff from the Tallinn office.

See the parties’ announcement of the deal (in English) HERE .
See the SEB’s announcement on start of sales (in English) HERE .