Dusseldorf, Germany-based Ergo Group A.G. on Friday said it is forming a new company, Ergo International Corporate Solutions S.A., as part of its plan to expand international business with corporate customers.
Ergo, a Munich Reinsurance Co. subsidiary, said in a statement the changes would take place at the beginning of 2018. The EICS management team includes Piotr M. Śliwicki, as CEO, Markus Hofmann as chief market and sales officer, and Adam Roman as chief underwriting officer.
Mr. Hofmann will give up his position as CEO of Ergo Versicherung A.G. but will continue to oversee broker sales as a member of its board of management.
Mathias Scheuber will become the new CEO at Ergo Versicherung and be responsible for claims settlement. He has been a member of the board of management at Allianz Versicherungs-A.G., Ergo said in a statement.