Lithuanian non-life insurance company Gjensidige, which operated through branches in Latvia and Estonia, has been merged into Ergo Insurance, completing the merger of the two insurers in the Baltic states, Ergo announced.
The company stated that Lithuania-registered Gjensidige has been incorporated into Ergo Insurance and has legally ceased to operate as a separate entity.
“All existing Gjensidige insurance contracts will remain valid until their specified expiry dates, and the merger will not change either the terms of the contracts or the insurance coverage. Customers do not need to sign new contracts or make changes to their existing policies. The merger will also have no impact on Ergo customers’ contracts or insurance protection,” the company explained.
Ursula Klara Deschka, Chairwoman of Ergo’s Management Board in the Baltic states, said the merger gives customers access to a wider range of insurance specialists and enables the company to continue developing its services in line with customers’ changing needs.
At the same time,
customers’ existing insurance coverage remains valid, and Ergo will continue to fulfil all its contractual obligations.
In mid-December 2025, Ergo announced that competition authorities in all three Baltic states had approved its acquisition of decisive control over Gjensidige, the Lithuanian non-life insurance company owned by Norwegian insurer Gjensidige and operating through branches in Latvia and Estonia.
Lithuania’s Competition Council required Gjensidige to sell its carrier liability insurance portfolio in Lithuania.
To comply with this requirement, the company announced the transfer of the relevant insurance portfolio to If P&C Insurance.
The responsible authorities and competition regulators in the other Baltic states approved the transaction without additional conditions.
Ergo International, which manages Ergo Group’s international business portfolio, completed the acquisition of Gjensidige’s Baltic operations on 2 January this year.
As a result, Gjensidige in the Baltic states became part of Ergo Group.