January 31, 2015 11:50 PM ET

Insurance

Company Overview of ERGO Versicherungsgruppe AG

Company Overview

ERGO Versicherungsgruppe Aktiengesellschaft is engaged in the insurance business. It offers various insurance products and services, such as life insurance, health insurance, property and casualty insurance, legal protection insurance, direct insurance, travel insurance, and pension products ans services. The company sells its life, and property and casualty insurance products under the ERGO brand. It serves private customers, as well as small and medium-sized businesses, and industrial clients in approximately 30 countries worldwide. The company is based in Düsseldorf, Germany. ERGO Versicherungsgruppe AG operates as a subsidiary of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaf...

Victoriaplatz 2

Düsseldorf,  40198

Germany

32,997 Employees

Phone:

49 211 477 0

Fax:

49 211 477 1500

Key Executives for ERGO Versicherungsgruppe AG

Chief Financial Officer and Member of Board of Management
Age: 40
Chief Executive Officer of ERGO
Head of International Competence Center Bancassurance
Labour Director and Member of the Management Board
Age: 49
Chairman of the Management Board
Age: 48
Compensation as of Fiscal Year 2014.

ERGO Versicherungsgruppe AG Key Developments

ERGO Insurance Launches New Betriebs-Rente Garantie Scheme

ERGO Insurance Group has launched ERGO Betriebs-Rente Garantie, or ERGO Company Annuity Guarantee, which provides proven security in terms of payment of premiums and good earnings potential in all periods of interest. Special features include supplementary cover against occupational disability without having to underg o a health assessment. The same premium applies for all job categories. Company pension schemes are an important cornerstone of old-age provision in Germany. The new product makes it easy for companies to implement this right with little effort. The features of the new product include: dynamic investment concept; flexible premiums; variable pension start date; simple switch; new annuity rate concept; range of extension options; and innovative disability cover. The new direct insurance features a balanced mix of guaranteed payments with earnings potential. Customers can benefit from rising interest rates more quickly than with classic direct insurance. The investment concept corresponds to the private annuity insurance 'ERGO Rente Garantie' which was brought onto the market in July 2013. If there is a change in the employee's income or circumstances, the monthly premium can either be increased or reduced. One-off payments such as bonuses or a Christmas handout can also be paid into the ERGO Company Annuity Guarantee - over and above the monthly premium. With the new product, employees can draw a pension once they reach 62 or stay in work until they are 70. This can either be declared as a contributory or non-contributory period.

Ergo insurance group Reports Earnings Results for the Nine Months Ended September 2014; Provides Earnings Guidance for the Year 2014

Ergo insurance group reported earnings results for the nine months ended September 2014. The company reported more than EUR 3.6 million in profits for the first nine months of 2014, which is a 10% growth from the same period last year. The company expects the annual results for 2014 to be even better than the nine-month results.

Ergo Appoints Steven Drobny as Advisors

Ergo announced that Steven Drobny has joined the firm's Board of Advisors. Mr. Drobny is the Founder and CEO of Drobny Capital, an independent investment advisory, asset management, and consulting firm focused on global macro and commodity hedge fund strategies.

Similar Private Companies By Industry

Company Name Region
Marsh GmbH Europe
Gothaer Lebensversicherung AG Europe
VEREINIGTE POSTVERSICHERUNG VVaG Europe
R+V Insurance AG Europe
Delta Lloyd Lebensversicherung AG Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ERGO Versicherungsgruppe AG, please visit www.ergo.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.