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May 24, 2015 1:30 AM ET

Insurance

Company Overview of ERGO Versicherungsgruppe AG

Company Overview

ERGO Versicherungsgruppe Aktiengesellschaft provides insurance products, and pensions and services worldwide. It operates through Life Germany, Health, Property-casualty Germany, Direct insurance, Travel Insurance, and International segments. The company sells its life, and property and casualty insurance products under the ERGO brand name; health insurance under the DKV brand name; legal protection insurance under the D.A.S. brand name; and travel insurance under the ERV brand name, as well as engages in reinsurance business. It serves private customers, as well as small and medium-sized businesses, and industrial clients. The company is based in Düsseldorf, Germany. ERGO Versicherungsgrupp...

Victoriaplatz 2

Düsseldorf,  40198

Germany

28,019 Employees

Phone:

49 211 477 0

Fax:

49 211 477 1500

Key Executives for ERGO Versicherungsgruppe AG

Chairman of Management Board
Age: 48
Chief Financial Officer and Member of Management Board
Age: 40
Head of International Competence Center Bancassurance
Chief Investment Officer and Member of Management Board
Age: 49
Chief Information Officer and Member of Management Board
Age: 54
Compensation as of Fiscal Year 2014.

ERGO Versicherungsgruppe AG Key Developments

Bettina Anders Leaves the ERGO Versicherungsgruppe AG as Member of the Board of Management and Chief Information Officer, Effective December 31, 2015

Bettina Anders, Member of the Board of Management of ERGO Versicherungsgruppe AG and Chief Information Officer, will leave the company at her own request and by amicable agreement at the end of 31 December 2015. For personal reasons, Ms. Anders does not seek to extend her contract which expires at the end of the year. Her succession will be settled at a later date.

Ergo Versicherungsgruppe AG Announces Management Changes

Torsten Oletzky, Chairman of the Board of Management of ERGO Versicherungsgruppe AG (ERGO), is leaving ERGO's Board at his own request, for personal reasons and by amicable agreement at the end of 31 December 2015. He was appointed to ERGO's Board of Management in 2004 and became Chairman of the Board in 2008. ERGO and Munich Re are at an advanced level of talks with Markus Rie (49), who currently chairs the Board of Management of Allianz Deutschland AG. Subject to approval by the Supervisory Boards of both ERGO and Munich Re (the respective meetings will be held on 9 June), Rie is to succeed Oletzky as Chairman of ERGO's Board of Management with effect from 1 October 2015. His appointment to Munich Re's Board of Management is planned for the same date.

Ergo Reports Earnings Results for the Year 2014

Ergo reported earnings results for the year 2014. The company posted €5.5 million in annual profits in Lithuania, Latvia and Estonia, up from a mere €0.01 million in 2013. Insurance premiums written in the three Baltic countries rose by 5% year-on-year to €163 million. The group paid out more than €82 million in claims to its Baltic customers.

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