Kokkalas to succeed Kassow as Chairman of the Board of Management of ERGO Germany

Media Information, 12.12.2019

Theodoros Kokkalas (55) will succeed Dr. Achim Kassow (53) as Chairman of the Board of Management of ERGO Deutschland AG (ERGO Germany) on 1 May 2020. Kokkalas has been CEO of ERGO Insurance Company S.A. in Greece since 2004, and has also been a member of the Board of Directors of HDFC ERGO in India since 2018.

The Supervisory Board of Munich Re has appointed Dr. Achim Kassow to the Board of Management of Munich Re with effect from 1 May 2020. He will assume responsibility for the Asia Pacific and Africa division, as well as for the central divisions Central Procurement and Services. He has been with Munich Re Group since 2016.

Before joining ERGO, Kokkalas held various positions in insurance and banking. Kokkalas was born in Greece and studied at the universities of Piraeus and Athens, at INSEAD in France, and Leibniz University in Hanover, Germany. In addition to his native language of Greek, he speaks German and English fluently.

Dr. Markus Rieß – Chairman of the Board of Management of ERGO Group AG, Member of the Board of Management of Munich Reinsurance Company, and Chairman of the Supervisory Board of ERGO Deutschland AG – said: „I would like to thank Achim Kassow for his excellent commitment over the past few years. He has rigorously and consistently implemented the ERGO Strategy Programme in Germany and has made it a success. We are back on track towards growth and I congratulate him on his appointment to Munich Re’s Board of Management. I am also delighted that in Theo Kokkalas we have been able to find the right successor within the ERGO Group for this challenging position in our home market of Germany.”

Theodoros Kokkalas

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Curriculum vitae (PDF file)

Dr. Achim Kassow

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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 about 30 countries and concentrates on Europe and Asia. German, international, direct and digital business as well as all IT activities and technology services are bundled in four separate units (ERGO Deutschland, ERGO International, ERGO Digital Ventures and ERGO Technology & Services Management) under the umbrella of ERGO Group AG. About 40,000 people work for the Group, either as salaried employees or as registered sales representatives. In 2018, ERGO recorded a total premium income of 19 billion euros and rendered benefits to customers of 15 billion euros (net). ERGO is part of Munich Re, one of the leading reinsurers and risk carriers worldwide.
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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.