ERGO and Wüstenrot announce cooperation in real estate financing


Long-standing partnership to be expanded from spring 2021

Media Information, 26.11.2020

ERGO Beratung und Vertrieb AG and Wüstenrot Bausparkasse AG are expanding their long-standing partnership to include the real estate financing segment. The extended, long-term cooperation is scheduled to start in spring 2021.

With the expansion of the cooperation, ERGO will become Wüstenrot’s exclusive partner in both building society savings and real estate financing. The new agreement sees the two companies further expanding their successful partnership, which began more than ten years ago as a cooperation in the building society business.

The cooperation gives ERGO access to Wüstenrot's real estate financing portal. The portal is available to the sales agents and allows loan applications to be submitted and processed electronically. It thus allows for bespoke, needs-based advice and fast financing commitments. Wüstenrot benefits from ERGO’s large sales network and can thus further expand its market position in real estate financing.

Olaf Bläser, Chairman of the Board of Management of ERGO Beratung und Vertrieb AG: “We have been Wüstenrot’s trusted partner for many years. Now, we are expanding our successful cooperation to include real estate financing. The combination of innovative technology and personal support by our sales agents is a recipe for success that will allow us to provide valuable advice for real estate financing, something our customers will benefit greatly from.”

Bernd Hertweck, Chairman of the Wüstenrot Board of Management: "We are very pleased to be further expanding our successful cooperation and partnership with ERGO, which will also increase our sales strength in real estate financing. The real estate financing market is a growth market, since property ownership is highly valued and the demand for modernization and renovation measures, especially from an energy perspective, is constantly increasing.”

Olaf Bläser

Chiarman of the Board of Management of ERGO Beratung und Vertrieb AG

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Curriculum vitae

For further information, please contact:

Steffen Schmidt

ERGO Group AG
Media Relations

Tel +49 211 477-7395
steffen.schmidt@ergo.de
media-relations@ergo.de

About the ERGO Group AG

ERGO is one of the major insurance groups in Germany and Europe. Worldwide, the Group is represented in around 30 countries and concentrates on Europe and Asia. Four separate units operate under the umbrella of the Group: ERGO Deutschland AG, ERGO International AG, ERGO Digital Ventures AG and ERGO Technology & Services Management AG. German, international, direct and digital business as well as the global management of IT and technology services are combined there.
About 38,000 people work for the Group, either as salaried employees or as full-time self-employed sales representatives. In 2019, ERGO recorded a total premium income of 19 billion euros and rendered benefits to customers (gross) of 17 billion euros. ERGO is part of Munich Re, one of the world's leading reinsurers and risk carriers.
More at www.ergo.com

Disclaimer

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.

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