Gjensidige | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

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Gjensidige is a leading Nordic insurance group offering insurance products in Norway, Denmark, Sweden, and the Baltic states. In addition to insurance, they also provide banking, pension, and savings services in Norway. In the Baltics, Gjensidige operates as ADB Gjensidige with branches in Latvia and Estonia.

🛍️ Gjensidige Product and Pricing News →

👔 Gjensidige CEO, Management and Leadership Team →

⚔️ Gjensidige Alternatives and Competitors →

💼 Gjensidige Hiring and Layoffs →

🤖 Gjensidige Developer, Integration and Automation News →

📈 Gjensidige Financials, Fundraising and Valuation News →

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🛍️ Gjensidige Product and Pricing News

• The Supreme Court reduced Gjensidige's compensation payment from €100,000 to €60,000 for a case involving a fatal accident, following controversial arguments by their lawyer Jeļena Alfejeva.
• Gjensidige's new storm risk model, approved by Finanstilsynet, reduces their capital reserve needs by 1.3 billion kroner, according to CEO Geir Holmgren.
• Gjensidige updated their general insurance terms to version V1.4, effective from September 12, 2023, and added new terms for accident insurance and foreign health insurance.
• Gjensidige is being sued by law firm Selmer and their clients for 388 million kroner in a loan fraud case.
• Gjensidige Latvija received a Platinum award in the Sustainability Index, marking an improvement from last year's Gold award.

• Gjensidige's Latvian branch received recognition for promoting an inclusive work environment.
• Gjensidige (Lithuania) secured second place for their insurance awareness campaign at major Baltic hiking events and third place for their corporate team activity campaign at the Mi:t&links. Baltic Communication Awards.
• Gjensidige provides unlimited psychotherapy sessions for employees, including those on parental leave, to support their well-being.

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👔 Gjensidige CEO, Management and Leadership Team

• Anda Steinberga

  
  Chief Expert, Latvian Motor Claims Handling team
  [email protected]

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⚔️ Gjensidige Alternatives and Competitors

• Domus Forsikring
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• Protector Forsikring
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• GEICO
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• JustInCase
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• Topdanmark
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• CGU Insurance Limited
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• ERGO Versicherung AG
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• Fairfax do Brasil
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• MMA IARD (SA)
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• The Travelers Companies
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• Travelers Insurance Company
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• if.lv
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• bta.lv
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• balta.lv

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💼 Gjensidige Hiring and Layoffs

• Gjensidige in Vilnius offers a salary range of 4890 - 7334 EUR for the position of Property Claims Department Manager.
• Gjensidige's People and Culture department in Latvia launched the 'Career Path' program to help employees explore interests and develop skills, leading to several staff members changing roles and gaining new professional experiences.
• Valdemaras Fiodorovičius, who previously worked at Gjensidige Baltic, will replace Vytenis Koryzna as the head of Enefit.
• Gjensidige Latvija recently concluded its months-long mentoring program, offering employees the chance to explore future roles and develop specific skills.
• Gjensidige is currently hiring a Senior Lawyer in Lithuania.

• Gabija Michalovskaja has left Gjensidige to join Adform as a Commercial Insights Analyst in Lithuania, after serving as a CRM Analyst at Gjensidige Lietuva.
• Gjensidige is hiring a Business Controller for its Commercial division with applications due by November 20, 2024.
• Gjensidige Latvija completed an 8-month training project on implementing coaching approaches in the workplace.

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🤖 Gjensidige Developer, Integration and Automation News

• Gjensidige will provide civil liability insurance policies for apartment owners in multi-apartment buildings managed by SIA Ogres Namsaimnieks in 2025.
• Gjensidige's Latvian branch won a procurement contract from the State Defense Logistics and Procurement Center on November 23, 2024.
• Gjensidige has signed an agreement to become the insurer for Svenska Sjö's leisure boats and boat clubs.
• Gjensidige's Latvian branch won property insurance contracts worth 390,826 EUR, including 215,861 EUR for rental buildings and 174,965 EUR for Riga Central Market and Vidzeme Market properties.
• Gjensidige has signed a breakthrough contract with Mitigrate to use AI for preventing water damage.

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📈 Gjensidige Financials, Fundraising and Valuation News

• ERGO International AG has acquired ADB Gjensidige from Gjensidige Forsikring ASA, marking a significant transaction in the Baltic market.
• Gjensidige has agreed to sell its Baltic operations to ERGO International AG for EUR 80 million.
• Gjensidige plans to issue a new Tier 2 bond worth up to NOK 900 million with a floating interest rate and a minimum 30-year tenor to strengthen its financial position.
• Gjensidige plans to hold a digital fixed income investor meeting on October 28, 2024, to discuss a potential subordinated Tier 2 bond issue, with DNB Markets and Nordea Bank Abp as Joint Lead Managers.
• Gjensidige CEO Geir Holmgren announced a pre-tax profit of NOK 2.215 billion for Q3, with insurance revenue up nearly 12% and plans to introduce a new metric, distribution efficiency, in Q4 2023.

• Gjensidige reported an 83.9% combined ratio for Q3 2024, improving by 3.5 percentage points from the previous year.
• Gjensidige's CEO Geir Holmgren announced that despite increased third-quarter earnings, the company will not meet its 2024 combined ratio target.
• Gjensidige continues to lose money on Danish private customers despite price increases, while profits from Danish business insurance grow significantly.

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