The current company was created in 2002 through the merging of Tryg Forsikring and Nordea's insurance activities. The company was listed on the Copenhagen stock exchange in October 2005. Tryg Forsikring traced its history back to the foundation of Kjøbenhavns Brandforsikring in 1731.

Morten Hübbe replaced Stine Bosse as CEO on 1 February 2011.