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Our History

Storebrand's history dates back to 1767, with the Group offering insurance for over 250 years, occupational pensions since 1917 and asset management from 1981. Today, we are one of the largest private asset managers in the Nordics. 

1767–1917: The Beginning

Storebrand’s foundations go back to 1767, when the first fire insurance scheme – Den almindelige Brand-Forsikrings-Anstalt or The General Institution – was established in Copenhagen. Following Norway’s independence from Denmark in 1814, administration moved to Christiania (Oslo) and the company became known as Storebrand in 1847. Storebrand's owners established Norway's first privately owned life insurance company in 1861. 

1920–1978: Growth and Consolidation 

From the 1920s Storebrand became one of Norway’s largest insurance companies through a series of acquisitions. Storebrand adopted its link logo in 1978 when the company name changed to Storebrand Group, which later became Storebrand when the Group established Storebrand Bank in 1996. 

1981–present: Launch of Storebrand Asset Management

Storebrand AM was established in 1981 to provide mutual funds, alternative investments and discretionary portfolios, initially for the Group’s pension business but later for external clients.

It created Norway’s first ESG team in 1995 and today Storebrand is recognised as a global leader in sustainability.  

Storebrand Asset Management has grown organically and through several acquisitions, including Delphi Funds (2002), SPP (2007), SKAGEN Funds (2017), Cubera Private Equity (2019), Capital Invest (2021) and AIP Management (2024).

Today it serves clients across Europe from offices in Norway, Sweden, Denmark, Finland and the United Kingdom with assets under management of over NOK 1,500bn (EUR 125bn approx.)

Storebrand Asset Management Milestones 

  • 1981: Storebrand Asset Management launched
  • 1995: Dedicated sustainability team established
  • 2002: Acquires Delphi Funds
  • 2005: Exclusion policy established
  • 2006: Storebrand becomes signatory of the UN Principles for Responsible Investment (PRI)  
  • 2010: ESG criteria applied systematically across all AUM
  • 2013: Coal divestment strategy starts
  • 2014: AUM surpasses NOK 500bn (EUR 50bn approx.)
  • 2015: Storebrand launches first commercial green bond fund
  • 2016: Storebrand launches fossil-free “Plus” funds
  • 2017: Acquires SKAGEN Funds
  • 2019: Acquires Cubera Private Equity, becomes founding member of Net Zero Asset Owner Alliance and launches deforestation policy
  • 2020: Launches formal climate policy, initiates Investor Policy Dialogue on
  • Deforestation (IPDD) and Storebrand included in the Dow Jones Sustainability Index for the first time 
  • 2021: Acquires Capital Investment, signs the Finance for Biodiversity Pledge and AUM exceeds NOK 1,000 billion (EUR 100bn approx.)
  • 2022: Launches nature policy and becomes founding member of Nature Action 100
  • 2024: Becomes early adopter of the Taskforce on Nature-related Financial Disclosures (TNFD), updates climate policy with 2030 targets and leads the Finance for Biodiversity Coalition at COP 16 

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