Vilnius, November 27, 2025 — The Lithuanian authority has opened a public consultation on commitments proposed by Munich Re to address concerns that its planned acquisition of Gjensidige could weaken conditions in the small-premium segment of carrier liability insurance in Lithuania.
Transaction concerns
Munich Re notified the planned deal on April 22, 2025, seeking clearance to indirectly acquire 100 percent of Gjensidige shares through ERGO International AG. A preliminary review by the mergers unit indicated that the transaction could create or strengthen a dominant position, or otherwise significantly restrict market conditions, in road carrier civil liability insurance for low-premium customers.
Proposed commitments
In response to those findings, Munich Re submitted commitments on November 26. Under the proposal, the company would divest all active Gjensidige road-carrier liability insurance contracts to an independent purchaser not linked to the transaction. The buyer must meet specific suitability requirements and receive approval from the authority.
Munich Re would also be required to:
- Observe a two-year non-compete obligation for the divested client portfolio
- Provide transitional services to the buyer for an agreed period
- Submit regular updates to the authority on the implementation of the commitments
Stakeholders may submit comments on the commitments until December 3, 2025, by email to spg@kt.gov.lt. A non-confidential version of the commitments is available on the authority’s website.
