ERGO Insurance SE received permission to merge with a Lithuanian insurer

01/07/2026

Finantsinspektsioon granted the Estonian insurance undertaking ERGO Insurance SE permission to merge with the Lithuanian insurance undertaking Akcinė draudimo bendrovė Gjensidige. As a result, ERGO Insurance SE has the right to conclude its merger with Akcinė draudimo bendrovė Gjensidige and absorb the the assets, rights, liabilities and insurance portfolio of Gjensidige.

Finantsinspektsioon considered the financial position, capital adequacy and governance of the merging insurance undertakings when issuing the licence, and whether the interests of policyholders, the people insured persons, and the beneficiaries remain sufficiently protected.

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