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


Stefnir is Iceland’s largest fund manager. The company is wholly owned by Arion Bank and it is based at the Bank’s headquarters. The assets managed by the company are owned by a diverse group of investors, from private individuals to Iceland's largest institutional investors. The fund members’ assets are invested in mutual funds, investment funds or institutional investor funds, and Stefnir has also entered agreements with a number of partnerships limited by shares.

Furhter information on Stefnir.


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

Further information on Vörður.