Gjensidige has agreed to acquire PenSam Forsikring A/S in Denmark
Gjensidige Forsikring has agreed to acquire PenSam Forsikring (PF), a P&C insurance provider in Denmark. The acquisition is subject to regulatory approvals in Denmark and Norway and is expected to be completed during the fourth quarter of 2023. The acquisition will strengthen Gjensidige's ability to generate profitable growth in Denmark. The parties have agreed not to disclose the purchase price. PF’s customer portfolio and insurance products make a good strategic fit for Gjensidige. PF offers P&C insurance products to 485,000 members of PenSam Pension in Denmark. Gjensidige has entered