ERGO completes merger of Nordic insurance operations
The combined entity will operate under the brand name ERGO Forsikring, marking a consolidation of ERGO's activities in the Nordic insurance market.
The merger will unify the product offerings and market presence of the two entities, providing healthcare and travel insurance to both corporate and individual clients in Denmark, Norway and Sweden.
The integration is expected to yield joint distribution networks, enhance business relationships and improve market access in the Nordic region.
ERGO Forsikring CEO Ronald Kraule said: 'With ERGO Forsikring A/S as a genuine pan-Nordic insurance player, we will strengthen our position in every local market, providing innovative, simple and tailored solutions to meet the evolving needs of our customers.
'As we bring together our respective expertise in the health and travel segments, underpinned by consequent digitalisation, we will act as a one-stop shop for holistic insurance coverage. With this new setup, we will enhance our service offerings and deliver significant added value for our customers and partners.'
In March, Munich Re announced the acquisition of NEXT Insurance at a valuation of $2.6bn (€2.22bn).
Upon completion of this transaction, NEXT Insurance will become a part of the ERGO Group portfolio.
"ERGO completes merger of Nordic insurance operations " was originally created and published by Life Insurance International, a GlobalData owned brand.
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