Ásmundur Sveinbjörnsson was born on February 14, 1886 in Borgarfjarðarsýsla. He took the last name Loptson in the west.
Spouse: 1908 Kristín Álfheiður Guðmundsdóttir b. 1888 in Gullbringusýsla
Ásmundur was a year old when he came with his parents and siblings in 1887 to Winnipeg, Manitoba. He grew up in the Þingvalla Settlement in Saskatchewan. At a young age he started working in retail in Churchbridge and started a Chamber of Commerce with Guðmundur Ólafsson in the town. They sold the store and Ásmundur went to his uncle, Ólafur Loftsson, in Selkirk and learned watchmaking. He and Kristín settled in the Þingvalla Settlement in 1908. He bought another house just east of the town of Bredenbury and lived there for three years. He later moved to the town and owned a shop.