Munich Re’s ERGO acquires non-life insurer ADB Gjensidige in the Baltics

Global reinsurer Munich Re’s primary insurance arm, ERGO Group, has completed the previously announced acquisition of ADB Gjensidige, the former Lithuanian subsidiary of Norwegian non-life insurer Gjensidige Forsikring ASA, including its branches in Estonia and Latvia.The announcement was made by ERGO International AG, the segment managing the group’s international business portfolio. All conditions necessary for the completion of the transaction have been fulfilled according to schedule, including required ...