Folksam reverses stance, hires external auditor for Heimstaden review

Folksam CEO Ylva Wessén, who previously dismissed criticism of the Heimstaden investment as 'overblown', has reversed course and will bring in external auditors to review the investment process. This marks a significant governance shift amid ongoing scrutiny of the insurer's exposure to the troubled property group. The move signals potential reputational and financial fallout for Folksam and may affect investor confidence in Swedish institutional investors.