Arion Bank‘s key strategic subsidiaries are Stefnir hf. and Vörður Insurance.


Stefnir Asset Management Company is a well-established Icelandic fund manager with assets over ISK 260 billion under active management at the end of 2022. Stefnir caters for both retail and professional clients with the aim of managing its clients' assets as best serves their interests. The company was founded in 1996 and its employees possess extensive work experience in the financial market. Stefnir has about 25 specialists in five teams managing a diverse collection of mutual, investment and institutional alternative investment fund marketed towards the public.

Further information on Stefnir.


Vördur is a universal insurance company offering insurance at competitive prices to individuals, families and corporate customers.

Further information on Vörður.