Gjensidige Forsikring ASA - Provisions in the third quarter of 2018
Gjensidige Forsikring ASA will record provisions of approximately NOK 160 million in the third quarter of 2018 related to ongoing restructuring measures, and expected claims for damaged agricultural crops in Norway. As a result of continuing focus on improved distribution efficiency, Gjensidige will close eight branch offices in Norway, involving staff reduction and termination of property lease contracts. In addition, the Group has reduced the staff in Sweden and Denmark. Gjensidige will record a restructuring provision of approximately NOK 80 million in the third quarter of 2018. The