ADB "Gjensidige has been merged with ERGO Insurance SE and has legally ceased its operations. Its business is continued by ERGO, assuming responsibility for the fulfillment of obligations under existing customer contracts.
“This merger brings together two experienced teams with close relationships with customers and partners across the Baltics. This gives our customers access to a wider range of insurance specialists and allows us to continue to develop services in line with customers’ changing needs. At the same time, it is important to maintain service continuity – the insurance coverage chosen by customers remains valid, and we will continue to fulfill our commitments”, said Ursula Clara Deschka, Chair of the Board of ERGO in the Baltics.
According to the Latvian Insurers Association (LAA), the acquisition, completed in January this year, strengthens ERGO's position as one of the largest insurers in the Baltics. It combines the knowledge and experience of both companies in the field of product offering and sales, as well as expanding ERGO's sales network, facilitating the development of insurance solutions for individuals and companies in all three Baltic countries.
“Our goal is to make insurance more accessible and tailored to the needs of the people and businesses of the Baltic States. We will continue to develop digital services while maintaining personal communication with customers. The combined experience of both teams gives us a stronger foundation for future work”, Ursula Clara Deschka emphasized.
ERGO International AG, which manages the international business portfolio of the ERGO Group, completed the acquisition of ADB Gjensidige from Gjensidige Forsikring ASA on January 2, 2026, and both companies operated as sister companies within the ERGO Group, gradually integrating their operations. The next step was taken on April 29, 2026, when ERGO insurance products became available in Gjensidige sales channels throughout the Baltics. The legal merger was completed after receiving approval from the Estonian Financial Supervisory Authority and the Bank of Lithuania, LAA added.
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