Press release 27 April 2016
Property-casualty insurer ERGO Versicherung AG is leveraging its position in German industrial business to gain market shares elsewhere in Europe. To this end, the company has opened branch offices in various countries over the past few years. In a further move, the company has now completed its entry into the French market and plans to underwrite industrial property, liability, transport and surety insurance for corporate customers in the country. For this purpose, ERGO Versicherung AG offers industrial customers a range of solutions tailored to their needs.
Frenchman Christian Bellissen (51) took over as Head of the branch office, which is situated in Paris, on 1 April 2016. Bellissen has more than 20 years of experience in the international insurance industry, particularly when it comes to establishing liability and surety business. Most recently, he was Head of France at industrial insurer Catlin.
France is the fifth market in which ERGO Versicherung AG has opened a branch office, with the concept already having proved successful in Austria, the Netherlands, the UK and Switzerland.
The freedom of establishment within the EU enables the French branch office to benefit from the strengths of the German risk carrier (S&P rating: AA–, risk capital, employees) and at the same time to underwrite local business with local underwriting teams.
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About the ERGO Group AG
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 2015, ERGO recorded a premium income of 17.9 billion euros and rendered benefits to customers of 16.8 billion euros. ERGO is part of Munich Re, one of the world's leading reinsurers and risk carriers.
More at www.ergo.com
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of ERGO Group. 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 our Company. The Company assumes no liability to update these forwardlooking statements or to conform them to future events or developments.