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Munich Re: ERGO ends discussions concerning the sale of its German life insurance companies with traditional life insurance portfolios

06:00 PM CET 2017/11/28

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    ERGO will currently not pursue the sale of its traditional life insurance portfolios any further. This was decided today by the Board of Management of ERGO Group AG following an in-depth assessment of non-binding offers submitted by potential buyers and a discussion of the various options available.
    Munich, 28. November 2017

    Münchener Rückversicherungs-Gesellschaft
    Aktiengesellschaft in München
    Königinstraße 107
    80802 München
    This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.