October 24, 2016 10:38 AM ET


Company Overview of Gjensidige Forsikring ASA

Company Overview

Gjensidige Forsikring ASA operates as a general insurance company in Norway, Sweden, Denmark, Latvia, Lithuania, and Estonia. It operates through six segments: General Insurance Private, General Insurance Commercial, General Insurance Nordic, General Insurance Baltics, Pension and Savings, and Retail Bank. The company offers various insurance products relating to motor vehicles, property, travel/leisure, and accident and health insurance products, as well as insurance products in the areas of liability, agriculture, aquaculture, marine, and transport; and life insurance products. It also provides pension and savings products comprising group occupational pensions, individual pensions, indivi...

Schweigaardsgate 21

Oslo,  0191


3,923 Employees


47 22 96 80 00

Key Executives for Gjensidige Forsikring ASA

Chief Executive Officer
Age: 56
Total Annual Compensation: 5.8M NOK
Executive Vice President of Nordic
Age: 46
Total Annual Compensation: 3.4M NOK
Executive Vice President of Commercial
Age: 39
Total Annual Compensation: 3.2M NOK
Executive Vice President of Analytics, Product and Price
Age: 48
Total Annual Compensation: 3.2M NOK
Executive Vice President of Claims
Age: 45
Total Annual Compensation: 3.0M NOK
Compensation as of Fiscal Year 2015.

Gjensidige Forsikring ASA Key Developments

Gjensidige Forsikring May Merge With Nordic Financial Group

Helge Leiro Baastad, Chief Executive Officer of Gjensidige Forsikring ASA would like to see a merger with another Nordic financial group.

Gjensidige Forsikring ASA Announces Executive Changes; Plans to Reduce Number of Employees During 2017

Gjensidige Forsikring ASA announced that it will make changes in its Group management effective 1 October 2016. Jostein Amdal will take over as CFO after Catharina Hellerud, who will continue as executive vice president, now with responsibility for Analytics, Product and Price. Amdal has been head of capital management and M&A for the past two years, and was previously head of Group risk. Martin Danielsen will leave the Group management to head Gjensidige's strategic initiatives within data mining and analytics, reporting to Hellerud. Krister Aanesen will assume the role as acting executive vice president with responsibility for the Private segment during Hege Yli Melhus Ask's parental leave. Aanesen has been in charge of performance management in the Private segment for the past year and previously managed Gjensidige's motor insurance department. During 2017, the company will reduce the number of employees by about 190 full-time equivalents within staff and support functions across the Group.

Gjensidige Forsikring ASA Presents at KBW UK & European Financials Conference 2016, Sep-14-2016

Gjensidige Forsikring ASA Presents at KBW UK & European Financials Conference 2016, Sep-14-2016 . Venue: London, United Kingdom.

Recent Private Companies Transactions

September 30, 2016
Vervet AS
May 2, 2016
April 28, 2016
Vardia Insurance Group ASA, Insurance Portfolio in Sweden

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