January 20, 2017 7:29 AM ET

Insurance

Company Overview of Gothaer Allgemeine Versicherung AG

Company Overview

Gothaer Allgemeine Versicherung AG offers insurance products to private and corporate customers in Germany. The company underwrites accident insurance covering personal accident, group accident, clinical trials, and motor accident; and liability insurance, including personal, employers’ and professional malpractice, environmental, property damage, carriers liability, radiation and nuclear plant, fire, marine, inland and river shipping, and other liability insurance. It also provides motor liability, collision and comprehensive, and partial own damage coverage insurance; aviation hull, spacecraft hull, and other aviation insurance; fire industrial, agricultural, and other fire insurance; comp...

Gothaer Allee 1

Cologne,  50969

Germany

Phone:

49 221 308 00

Fax:

49 221 308 103

Key Executives for Gothaer Allgemeine Versicherung AG

Chief Executive Officer, Director of Industrial Relations and Member of Management Board
Chairman of Management Board
Age: 57
Member of Management Board
Member of Management Board
Member of Management Board
Compensation as of Fiscal Year 2016.

Gothaer Allgemeine Versicherung AG Key Developments

Gothaer Allgemeine Versicherung AG Provides Earnings Guidance for the Year 2016

Gothaer Allgemeine Versicherung AG provided earnings guidance for the year 2016. Consolidated profit for the year likely up 4.5% to EUR 140 million. Some of the surplus is going into strengthening the equity base. The result earned from capital investments will in all likelihood be up 13.4% to EUR 1,375 million. Gross premiums written at group level - after consolidation of the business model in line with the market - are down 3.0% to EUR 4,380 million. Gross premiums written by Gothaer Allgemeine Versicherung AG, at a likely EUR 1,723 million, are 1.2% above the 2015 level.

Gothaer Allgemeine Versicherung AG Announces Board Changes

The Supervisory Board of Gothaer Allgemeine Versicherung AG appointed Dr. Christopher Lohmann as successor of Thomas Leicht as chairman of Gothaer Allgemeine Versicherung AG. Lohmann was also appointed as member of the board of Gothaer Versicherungsbank VVaG and Gothaer Finanzholding AG. The change at the top of Gothaer Allgemeine Versicherung AG will be executed in 2017. Thomas Leicht (57) decided not to renew his contract expiring 2017 and is expected to resign from the board of management on 28 February 2017.

The Gothaer Group Announces Consolidated Earnings Results for the Year 2015

The Gothaer Group announced consolidated earnings results for the year 2015. For the year, the company reported net profit was up 14.5% to EUR 134 million. Some of the profit was used to strengthen its equity basis. The investment result rose 9.8% to EUR 1,213 million. Gross premiums written, at EUR 4.52 billion, remained at the previous year's level (+0.1%) in 2015.

Recent Private Companies Transactions

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