New book:

Omvandlingar – Skandia 1990-2016


Omvandlingar is a new book about Swedish insurance company Skandia, written by the professors Mats Larsson and Mikael Lönnborg. The book focuses on the insurer’s modern history, from 1990 until 2016, including the years when a hostile take-over gave Skandia new and foreign owners. 

Omvandlingar (Business History Publishing, 2019) loosely translates into transformations – and Skandia has transformed itself many times since it was founded in 1855, not in the least during some tumultuous years around the millennium. 

Skandia entered the 1990s as a strong, domestic insurer with activities in the Nordics. Over the coming years, Skandia went through a number of fundamental changes that transformed its products, ownership, client base and financial situation. The book covers Skandia’s immense successes during the 1990s, but also the so called “scandals” of the early 2000s and how Skandia through a hostile bid from the international insurer Old Mutual became a subsidiary in an foreign group. The book also tells how Skandia wrestled ownership back to Sweden and transformed itself into a mutual insurer.

Authors Mats Larsson and Mikael Lönnborg tells this story based on an extensive and unique material in the Skandia archives at the Centre for Business History.  They have also conducted a large number of in-depth interviews with people at Skandia who lived through the transformations.


About the authors

Omvandlingar (Business History Publishing, 2019) is written by academic researchers Mats Larsson and Mikael Lönnborg.

  • Mats Larsson is professor emeritus in economic history at Uppsala University and previous head of Uppsala Centre for Business History (ECBH). His research has primarily focused on financial history with a special eye to bank and insurance.
  • Mikael Lönnborg is professor in Business Studies at Södertörns University. His current research interest is on the internationalization of the dairy industry, financial crisis, ownership forms, internationalization, entrepreneurship and privatizations.
Project team

The book’s project team at the Center for Business History (owner of Business History Publishing) was: