Dr. Philipp Wassenberg and Ronald Kraule to join the Board of Management of ERGO Versicherung in 2019
In 2019, the Board of Management of ERGO Versicherung AG and ERGO Austria International AG will be restructured, subject to the approval of the Financial Market Authority. As of 1 April 2019, Dr. Philipp Wassenberg will be Chairman of the Board of Management, as well as assuming responsibility for property-casualty insurance. Austrian Ronald Kraule will join the Board on 1 January 2019. From 1 April 2019, he will head the life insurance division. At this time, Josef Adelmann (born 1956), currently Chairman of the Board of Management and responsible for the life insurance division, will leave the Board of Management as planned.
"With Dr. Philipp Wassenberg, we are able to appoint a very experienced expert to the position of Chairman of the Management Board in Austria. One of ERGO's strategic goals in Austria is to grow well above the market average in property-casualty insurance. Dr. Wassenberg not only brings extensive knowledge in this field, but has also gained valuable experience in his previous activities at Munich Re, at the interface between primary insurance and reinsurance. In addition, he brings a wealth of personal experience from working with brokers and independent distributors," says Dr. Clemens Muth, Chairman of the Supervisory Board of ERGO Austria International AG.
"Ronald Kraule has long-standing knowledge of our ERGO Group, especially in the international area. Thanks to his previous experience in business and product development in the life insurance segment, which accounts for a large part of the premium volume in Austria, he is a perfect complement to the Board of Management of ERGO Versicherung AG", Dr. Muth continued.
"On behalf of the Supervisory Board and the Board of Management, I would like to take this opportunity to thank Josef Adelmann for his performance and commitment to ERGO and its predecessor companies over many years. His commitment to ERGO Austria, both at the domestic market as well as for international activities, has had a decisive impact on the development and success of ERGO today. I wish Mr. Adelmann all the best for his retirement, and am delighted that he will still be available to the company in an advisory capacity during the transition phase," concluded Dr. Muth.
Further responsibilities on the Board of Management of ERGO Versicherung AG of Josef Kreiterling, Christian Noisternig and Christoph Thiel will remain unchanged.
About the person: Dr. Philipp Wassenberg
Dr. Philipp Wassenberg, born in 1968 in Saarbrücken, Germany, studied at the Law School, Munich University and graduated with a PhD in "European and Public International Law". Since 2000, he has held various underwriting positions at Munich Re – one of the world's leading reinsurers and risk carriers, including the ERGO Group – in Munich for Europe and for North and Latin America. Since April 2014, he has served as President and CEO of Munich Reinsurance Company of Canada and the primary insurer, Temple Insurance Company. Dr. Wassenberg also holds several independent directorships in Canada.
About the person: Ronald Kraule
Ronald Kraule, born in 1972 in Klagenfurt, studied production automation and manufacturing in Graz and Vorarlberg. Since 1999, he has held various positions in marketing and business development with international groups such as General Electric, HBOS and Lloyds Banking Group. Ronald Kraule joined the ERGO Group in 2012 and was initially responsible for the International Competence Center Life at ERGO International AG in Brussels. Since 2016, Austrian Ronald Kraule has been Head of Division Global Life Products at ERGO Group AG in Düsseldorf.
Press photo for download:
You’ll find press photos for printing and profiles of the executive management team at ERGO in Austria at the ERGO Versicherung and ERGO Austria websites.
Dr. Philipp Wassenberg
Copyright: ERGO Versicherung/Philipp Lipiarski
Copyright: ERGO Versicherung/Philipp Lipiarski
ERGO Austria International AG
Businesspark Marximum / Objekt 3
Tel. +43 1 27444-3703
ERGO Versicherung in Austria is a subsidiary of ERGO Austria International AG. Within the scope of strategic cooperation agreements with partners UniCredit/Bank Austria, the Volksbanken Association as well as via field service, brokers, agencies and direct sales channels, a tailored range of life insurance, accident insurance and property & casualty insurance products are offered to private and business customers. ERGO Austria International AG in Vienna is a part of ERGO Group AG, located in Düsseldorf, Germany.
More information is available at www.ergo-versicherung.at and www.ergo-austria.com
Please note: The descriptions and information above are for press release purposes only. They in no way constitute a recommendation or any other type of insurance advice, nor do they amount to a request that you purchase an insurance policy.
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of ERGO Austria International AG. 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 obligation to update these forward-looking statements or to conform them to future events or developments.