In Lithuania the Gjensidige is a subsidiary of the Norwegian non-life insurance company Gjensidige Forsikring in the Baltics, offering all types of non-life insurance.
The history of company traces back to 20-ties of the 19th century, although the name of Gjensidige (in Norwegian means “interrelated”) has been used since 1932. In Norway, company holds one third share of the non-life insurance market. The company’s subsidiaries operate in the Baltics, Denmark and Sweden. Company’s logo is a night watchman, which eventually became a general symbol of security in the Nordic countries and now is the most recognizable symbol in Norway.
Lithuanian capital non-life insurance company “Baltic Polis” was started in 1993. During 2001, Latvian non-life insurance company “Parekss insurance company” became a “Baltic Polis” shareholder. In 2006 “Parekss insurance companies’” shares were bought by the leader of the Norwegian insurance market, the „Gjensidige Forsikring“.
From 2008, the company operates under the AAS “Gjensidige Baltic” Lithuanian branch name. In 2009 it purchased 100 percent of “RESO Europa” shares. In 2010 became the owner of the Swedish non-life insurance company „Länsförsäkringar International“, which worked in the Baltic states under the name of „Nordicia“ . In 2015 the insurance company “PZU Lietuva” was acquired .