Finnish Insurer Sampo Picks Thorsrud as CEO to Succeed Magnusson

Finland’s Sampo Oyj appointed Morten Thorsrud to succeed retiring Torbjorn Magnusson as chief executive officer, in a sign of continuity at the helm of the property and casualty insurer.

Thorsrud, who currently runs the If P&C unit within the group, will take the top job at Sampo on Oct. 1, Helsinki-based Sampo said in a statement Wednesday, adding he was chosen from among a group of internal candidates. Magnusson will stay as a senior adviser until the end of the year.