March 06, 2015 1:31 AM ET

Insurance

Company Overview of Varma Mutual Pension Insurance Company

Company Overview

Varma Mutual Pension Insurance Company provides pension insurance services for work carried out in Finland. The company offers earnings-related pension insurance for private sector employees and self-employed persons. It also provides various services, including vocational rehabilitation, well-being at work, information on pensions, earnings-related pension records, and pension services. In addition, the company is involved in investments in real estate; developing real estate premises and new construction projects; and leasing of flats and business premises. It serves approximately 70,000 entrepreneurs and employers. The company was formerly known as Varma-Sampo and changed its name to Varm...

Salmisaarenranta 11

Helsinki,  00180

Finland

Phone:

358 1024 40

Fax:

358 1024 44752

Key Executives for Varma Mutual Pension Insurance Company

Chief Executive Officer, President and Member of The Executive Group
Age: 51
Senior Vice-President of Finance and Member of the Executive Group
Age: 52
Chief Actuary, Senior Vice-President of Actuaries and Member of the Executive Group
Age: 50
Senior Vice-President of Pension Services and Member of the Executive Group
Age: 48
Senior Vice-President of IT and Member of the Executive Group
Age: 53
Compensation as of Fiscal Year 2014.

Varma Mutual Pension Insurance Company Key Developments

Varma Mutual Pension Insurance Co. Announces Executive Changes

Varma Mutual Pension Insurance Co. announced on January 21, 2015, that its board of directors named Berndt Brunow as chairman of the board. Brunow, currently chairman of Oy Karl Fazer Ab, replaced Kari Jordan. Jari Paasikivi and Antti Palola will continue as deputy chairmen. Paasikivi is president and CEO of Oras Invest Ltd., and Palola is president of the Finnish Confederation of Professionals STTK.

Tieto and Varma Mutual Pension Insurance Company Sign Contract for the Delivery of Operations Management Services

Tieto and Varma Mutual Pension Insurance Company have signed a contract for the delivery of operations management services. In addition to the traditional capacity, communication and network solutions, the five-year contract covers cloud services. The contract is an extension of the service contract signed in 2009. The cooperation will guarantee Varma flexible possibilities to use cloud services with respect to both capacity and productivity services, as well as Paas solutions. With cloud computing, Varma is able to enjoy the best features of public and private clouds.

Varma Announces Executive Changes

Varma has appointed Risto Murto as president and chief executive. Murto will step into his new role on 1 January 2014, replacing Matti Vuoria, who will retire. Murto is currently the firm's deputy chief executive and a member of the executive group, serving as the CIO. He joined Varma in 2006. Prior to that, from 1997 to 2005, he held the roles of managing director and director at Opstock.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 12, 2014
Incap Oyj
Merger/Acquisition
December 11, 2014
Vakuutusosakeyhtiö Garantia
Merger/Acquisition
June 2, 2014
SATO Oyj
 

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