The insurance is being sold by Ikabo Group, a unit owned by the three sons of Ingvar Kamprad, the 88-year-old founder of IKEA, the Journal article said.
Ikano insurance previously has "been kept at arm's length" from IKEA's
furniture business, the report noted.
The sons -- Peter, Mathias and Jonas -- have been taking a more active role in the IKEA empire, the article said.
In 2013 Mathias became chairman of Inter IKEA Holding, and Ingvar Kamprad stepped down from the board. (Source: Wall Street Journal, Oct. 9, 2014.)