Insurer Storebrand may cut costs further - CEO

OSLO, July 16 Wed Jul 16, 2014 4:48am EDT

OSLO, July 16 (Reuters) - Norwegian insurer Storebrand may consider additional cost cuts to the 400 million crowns ($64.50 million) it has already committed to, its chief executive said on Wednesday.

"We are focused on delivering on this, 400 million crowns by the end of the year. We see a need for additional measures. We will ensure that we get a better ratio on the cost side," Storebrand CEO Odd Arild Grefstad told a news conference.

($1 = 6.2016 Norwegian crowns) (Reporting by Ole Petter Skonnord, writing by Gwladys Fouche, editing by Sabina Zawadzki)