ERGO revises Group structure – Supervisory Board appoints Andree Moschner to Management Board
ERGO Insurance Group will reorganise its structure. Under the roof of the renamed ERGO Group AG, the German, International and Direct & Digital businesses will be steered in three separate units in the future. CEO Dr. Markus Riess: “We modernise our structure and thus create the basis for innovation as well as for strong strategic and operative management.” The Supervisory Board also appointed Andree Moschner to the Board of Management. Dr. Daniel von Borries will leave the Company.
In addition to the existing ERGO International AG, two new holding companies will be established. Traditional business in Germany will be bundled in the ERGO Deutschland AG. ERGO Digital Ventures AG as the third pillar will be responsible for all digital and direct business activities of the Group including its German subsidiary ERGO Direkt. Riess: “With ERGO Digital Ventures AG, we create the cultural environment for innovation as well as – for the first time – a strong separate digital pillar within our Group. Its detachment from traditional business will make it easier for us to rapidly and boldly implement new ideas.”
The reorganisation will also lead to changes in company bodies. The Management Board of the new umbrella company, ERGO Group AG, will in future have six instead of ten members. Silke Lautenschläger, currently responsible for Business Operations in Germany, and Jochen Messemer, in charge of International Business, will carry out these functions on the Management Boards of the respective holding companies in the future.
On 1 April 2016, Andree Moschner will take over the newly established responsibility for Financial Products on the Management Board of ERGO Group AG. Moschner (53) will be responsible for all financial products and will also become a member of the Executive Management of MEAG MUNICH ERGO AssetManagement GmbH.
Daniel von Borries (50), currently responsible for Investments and Asset Liability Management on the Board, will leave the Company in mutual agreement on 31 March 2016. Riess: „On behalf of the Management and Supervisory Boards, I would like to thank Daniel von Borries cordially for his service and his dedicated commitment. I wish him all the best and every success in his future career.”
ERGO is one of the major insurance groups in Germany and Europe. Worldwide, the Group is represented in over 30 countries and concentrates on Europe and Asia. ERGO offers a comprehensive spectrum of insurance, provision and services. In its home market of Germany, ERGO ranks among the leading providers across all segments. About 43,000 people work for the Group, either as salaried employees or as full-time self-employed sales representatives. In 2014, ERGO recorded a premium income of 18 billion euros and rendered benefits to customers at almost the same level. ERGO is part of Munich Re, one of the world's leading reinsurers and risk carriers. More at www.ergo.com
This media information 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 Munich Re. The company assumes no liability to update these forward-looking statements or to make them conform to future events or developments.