DNBNOR - NEW BASIS FOR COOPERATION

DnB NOR and Gjensidige Forsikring have agreed to continue their cooperation on a new business footing and will at the same time terminate the strategic cooperation agreement between the companies. DnB NOR and Gjensidige Forsikring have agreed to continue their cooperation on a new business footing and will at the same time terminate the strategic cooperation agreement between the companies. In connection with the DnB NOR merger, Gjensidige and DnB NOR entered into a strategic cooperation agreement based on the cooperation between the former Gjensidige NOR Forsikring and Gjensidige NOR ASA. The agreement included two-way referrals, cooperation on portals and distribution. It has proven difficult to establish a common platform for further developing this cooperation, which will therefore be terminated. Gjensidige and DnB NOR currently have extensive business cooperation and mutual customer relationships in a number of areas, which will not be affected by the termination of the strategic cooperation agreement. The companies have agreed to extend their business cooperation, including an agreement whereby DnB NOR will sell personal insurance contracts for Gjensidige.