ERGO Insurance has completed its merger with Gjensidige's Baltic operations, incorporating the Lithuania-registered non-life insurer, which also operated through branches in Latvia and Estonia. Gjensidige has consequently ceased to exist as a separate legal entity, according to Baltic News Network.

ERGO confirmed that all existing Gjensidige insurance contracts will remain valid until their expiry dates, with no changes to policy terms or coverage. Customers are not required to sign new contracts, while ERGO will continue to honour all contractual obligations.

Ursula Klara DESCHKA, Chairwoman of ERGO's Management Board in the Baltic states, said the merger would provide customers with access to a broader range of insurance specialists and support further service development.

The integration follows ERGO International's acquisition of Gjensidige's Baltic operations, completed on 2 January 2026, after receiving competition clearance in all three Baltic countries in December 2025.

While Latvian and Estonian authorities approved the transaction without additional conditions, Lithuania's Competition Council required the divestment of Gjensidige's carrier liability insurance portfolio. To comply, the portfolio was transferred to If P&C Insurance.

The merger consolidates ERGO's position in the Baltic non-life insurance market, bringing the former Gjensidige operations under a single insurance entity.

Source: Baltic News Network