Gjensidige non-life insurer is merging its companies in the Baltic States and plans to finish the process by this fall, informs LETA.

After the merger is completed, Gjensidige Group in the Baltics will be operating as Gjensidige insurance company with branches in Latvia and Estonia.

The company will have its Baltic head office in Vilnius, Gjensidige said in a statement to the media.

At present, Gjensidige Baltic is based in Latvia and operates branches in Estonia and Lithuania.

Gjensidige Baltic reported a loss of EUR 7.93 million for 2015 and EUR 59.23 million in insurance premiums. Read the full story LITHUANIA: Gjensidige to merge its Baltic companies