Tuesday, April 14, 2026

Headlines

insurance

RB Rail officials’ insurance has become more expensive after the establishment of the Investigation Commission and, possibly, Baiba Rubesa’s visit to the Anti-Corruption Bureau

The officials, accountants, procurement committee members of AS RB Rail, the implementer of the Rail Baltica railway project, and their spouses have been insured since the very founding of the company in 2014, Inc. discovered after the previous publication. However, the cost of insurance has increased significantly, following certain events and, ultimately, also due to a reduction in competition among insurers. Considering that after Inc.’s previous publication part of the public has […]

It is planned to insure Rail Baltica officials against liability in project implementation: with a 12-year retroactive date and a compensation limit of up to 20 million

Having sensed the smell of burning, AS RB Rail, which is the implementer of the Rail Baltica railway project and is owned by the governments of the three Baltic states, on December 23 last year announced a procurement for directors’ and officers’ liability insurance. The procurement specification stipulates that the insurance must cover the liability of both current and former members of the management and supervisory boards, as well as other persons, including those who have left […]

ERGO acquires Gjensidige in the Baltics

ERGO International AG, which manages the ERGO Group’s international business portfolio, completed the acquisition of the non-life insurer ADB Gjensidige in the Baltic states on January 2. The full merger of the two insurers in the Baltics will take place gradually over the course of this year and is planned to be completed by the end of 2026. All existing insurance contracts with ADB Gjensidige customers will remain in force, and their coverage will not change. Customers will not have to […]

Insurer BTA’s profit in nine months has reached 9.66 million euros

The non-life insurer BTA Baltic Insurance Company (BTA), which operates with branches in Lithuania and Estonia, posted a profit of 9.664 million euros in the first nine months of this year, which is 6.2% more than in the corresponding period last year, according to the information published by the company. In gross insurance premiums, BTA signed a total of 262.874 million euros in the Baltics in the first nine months of 2025, which is 9.9% more […]

Tourists can now insure themselves against rain

The tour operator Tez Tour, in cooperation with the insurance company Ergo, has developed a new insurance solution that allows travelers to receive compensation in situations that until now have not been covered by traditional insurance terms either in Latvia or elsewhere in the Baltics. As the tour operator reports, a new insurance solution was introduced with the flights to Egypt on 25 and 26 October. As Tez Tour Latvia explains […]

It is possible to obtain a certificate on a car’s insurance history free of charge

On the Latvian Motor Insurers’ Bureau (LTAB) website http://www.ltab.lv, it is possible to request, free of charge, a certificate of a person’s insurance history accumulated in Latvia, for submission to foreign insurers. Likewise, on this site drivers can submit to Latvian insurers a certificate of their insurance history accumulated abroad. “Latvia is one of the first countries in Europe to offer a centralized electronic system for the exchange of insurance history information, thereby allowing car owners […]