Reinsurance News
Deutsche Rückversicherung AG
Achim Bosch named CEO of Deutsche Rück’s Supervisory Board
20th November 2024
The Supervisory Board of Deutsche Rückversicherung AG (Deutsche Rück) has announced the appointment of Achim Bosch as the new Chief Executive Officer (CEO), effective 1 July 2025. Bosch will succeed Frank Schaar, who has served as CEO since February 2018 and is set to retire at the end of June 2025. Prof. ... Read the full article
Deutsche Rück reports 2023 gross premium income of €1.8bn
22nd May 2024
German reinsurer The Deutsche Rück Group expanded its business in 2023 with gross premium income increasing by 16.8% to just under €1.8 billion, while net premiums earned were up 18.3% at €1.2 billion. This strong growth was supported by both international markets in the Middle East, Latin America and Asia and ... Read the full article
Deutsche Rück expands P&C business into Asia
16th September 2022
German reinsurer Deutsche Rückversicherung AG has announced that it will begin writing standard property and casualty business in selected markets in Asia. Tarik Aouad, who has been Head of Middle East markets at Deutsche Rück since 2020, has been appointed the Managing Director for the newly formed Middle East/Asia department. In addition ... Read the full article
Deutsche Rück expands into Middle East market
23rd September 2020
German reinsurer Deutsche Rückversicherung AG (Deutsche Rück) has announced that it will start writing business in the Middle East region from January 1, 2021. The move, which was approved by Deutsche Rück’s Supervisory Board on 1 April 2020, will allow the group to write business beyond Europe and the Maghreb countries. The ... Read the full article
Deutsche Rück and VöV Rück commit to sustainable investments
14th October 2019
German reinsurers The Deutsche Rückversicherung Group (Deutsche Rück) and VöV Rückversicherung KöR (VöV Rück) have joined an investor initiative that will see them commit to more sustainable investment practices. The companies signed the Principles for Responsible Investment (PRI), a financial initiative that was established with help from the United Nations back ... Read the full article
Deutsche Rück profits up in 2018 despite underwriting loss
17th May 2019
German re/insurer Deutsche Rückversicherung AG (Deutsche Rück) reported a net profit of €56.0 million, after tax, in 2018 despite turning an underwriting loss, partly driven by claims from weather events such as Storm Friederike/David. The improved result, which was well above the net profit of €3 million recorded in 2018, was ... Read the full article
Bosch named CUO of Deutsche Rück & reinsurance arm of the Association of German Public Insurers
10th October 2018
The supervisory bodies of Deutsche Rückversicherung AG and the Association of German Public Insurers have announced the appointment of Achim Bosch to the executive board of the two reinsurance companies, taking responsibility for non-life reinsurance operations. Bosch joins from reinsurer General Reinsurance AG in Cologne, and will take up the position as Chief ... Read the full article
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