Max Matthiessen

In 1889, a founder named Max Matthiessen obtained a license to conduct insurance business in Sweden, starting as a general agent for a Swiss fire insurance company. From the outset, the firm represented various specialized insurance companies, a common practice at the time. This laid the groundwork for a business that would navigate more than a century of change in the financial landscape. The company's modern history is defined by a series of significant ownership changes. In 2007, Carnegie Investment Bank acquired the company. Following the financial crisis, the Swedish National Debt Office took over ownership in 2008 before the firm was sold to Altor and Bure in 2009. The playbook shifted again in 2014 when Willis Towers Watson acquired a majority stake. This period marked a chapter of integration into a global brokerage powerhouse. A pivotal turn came in 2020 when private equity firm Nordic Capital acquired Max Matthiessen from Willis Towers Watson, aiming to accelerate growth and modernize its offerings. This set the stage for the most recent chapter. In late 2024, Nordic Capital partnered with the Ontario Teachers' Pension Plan in a new co-control ownership deal, designed to fuel further international expansion and solidify its market position in the Nordics.