Following ERGO’s acquisition of Gjensidige’s Baltic business earlier this year, ERGO Insurance SE has successfully completed its cross-border merger with Akcinė draudimo bendrovė Gjensidige. The merger was registered with the Estonian Commercial Register on 1 November 2026.
As a result of the merger, Gjensidige has been dissolved without liquidation and all of its assets, rights and liabilities, including its insurance portfolio and Baltic operations, have transferred to ERGO Insurance SE by way of universal legal succession. ERGO continues its operations in Lithuania and Latvia through its local branches.
The merger brings the former ERGO and Gjensidige non-life insurance businesses in the Baltics under ERGO Insurance SE, creating a single pan-Baltic insurance structure and strengthening ERGO’s position as one of the largest insurers in the Baltics.
Our team and services
Sorainen advised ERGO throughout the cross-border merger process across all three Baltic States, covering insurance regulatory, corporate, employment, data protection and tax aspects of the transaction. The project included the preparation and implementation of the cross-border merger, regulatory approvals and the insurance portfolio transfer, and the coordination of merger registration across jurisdictions.
The regional team, led by partners Tomas Kontautas and Indrė Pelėdaitė-Laucė, also included partners Evaldas Dūdonis and Kätlin Krisak, counsels Gerda Skirbutienė, Irma Kunickė, Agnietė Venckienė, Santa Rubina and Pirkko-Liis Harkmaa, senior associates Aušra Kunčiuvienė, Kristi Aer and Oliver Ämarik, and associate Goda Mačiulaitė.
