Reinsurance News
Ergo Group
Munich Re’s ERGO acquires non-life insurer ADB Gjensidige in the Baltics
2nd January 2026
Global reinsurer Munich Re’s primary insurance arm, ERGO Group, has completed the previously announced acquisition of ADB Gjensidige, the former Lithuanian subsidiary of Norwegian non-life insurer Gjensidige Forsikring ASA, including its branches in Estonia and Latvia. The announcement was made by ERGO International AG, the segment managing the group’s international business ... Read the full article
Munich Re’s ERGO completes full acquisition of NEXT Insurance
1st July 2025
Munich Re Group has finalised the acquisition of NEXT Insurance, integrating it into the management structure of ERGO Group AG, its major primary insurance business. The transaction, announced earlier in the year, was completed with the companies successfully meeting all conditions, obtaining the necessary regulatory approvals, as scheduled. This acquisition marks ERGO’s ... Read the full article
Munich Re’s ERGO expands Nordic presence with the merger of travel and health insurance units
24th June 2025
Munich Re's ERGO Group AG has completed the merger of its Danish travel insurance company, Europæiske Rejseforsikring A/S and its Norwegian health insurance business, ERGO Forsikring AS, formerly known as Storebrand Helseforsikring AS, expanding its presence further in the Nordic market, creating significant growth potential. Following the merger, ERGO is combining ... Read the full article
Munich Re acquires Next Insurance, to become part of ERGO
20th March 2025
Munich Re has signed a definitive agreement to acquire NEXT Insurance, which is to become part of ERGO, Munich Re’s primary insurance arm, marking a significant expansion into the US small and medium-sized businesses (SMB) segment. Over 30 million small businesses, spanning more than 1,000 professions, operate in the US, accounting ... Read the full article
ERGO appoints Theo Kokkalas & Oliver Willmes to new board roles
20th September 2024
ERGO, Munich Re's primary insurance business, has announced that Theo Kokkalas will be responsible for ERGO's international business and Oliver Willmes will be responsible for ERGO's activities in Germany, effective January 1, 2025. Markus Rieß, CEO of the ERGO Group, commented, "Theo Kokkalas and Oliver Willmes have both delivered exceptional performances ... Read the full article
Munich Re’s Till Böhmer named CEO at ThaiSri
7th June 2022
Munich Re executive Till Böhmer has been appointed as Chief Executive Officer (CEO) of ThaiSri Insurance, the Thai subsidiary of ERGO, Munich Re’s primary insurance arm. Based in Bangkok, Böhmer will take over management of the Thai business from outgoing CEO Karan Chopra. The operations of ThaiSri span more than 133 branches ... Read the full article
Munich Re’s ERGO in multi-year capacity deal with CLS Risk Solutions
29th September 2020
Munich Re subsidiary ERGO UK has signed a multi-year capacity agreement with property development, investment and transaction Managing General Agent CLS Risk Solutions. ERGO UK has been CLS RS’ primary capacity partner for the last ten years. CLS RS considers the deal a vote in confidence and says it will allow the ... Read the full article
Munich Re’s ERGO gets green light for Taishan investment
4th August 2020
The European Commission has approved a strategic investment by ERGO, the primary insurance arm of reinsurer Munich Re, in Shandong-based nationwide property and casualty (P&C) insurer, Taishan Property & Casualty Insurance Co., Ltd. As we wrote in early June, ERGO announced plans to bolster its P&C services in the Chinese ... Read the full article
Munich Re’s ERGO expands in China via Taishan investment
8th June 2020
ERGO, the primary insurance arm of reinsurance giant Munich Re, has expanded its property and casualty (P&C) services in the Chinese market via a strategic investment in Taishan Property & Casualty Insurance Co., Ltd. Once completed, the deal will see ERGO take 24.9% equity interests of Taishan Insurance through its subsidiary, ... Read the full article
Munich Re’s ERGO strengthens presence in China
29th October 2019
ERGO, the primary insurance arm of reinsurance giant Munich Re, has signed a "strategic partnership agreement for insurance business" with innovative, China-based automobile manufacturer, Great Wall Motors. The agreement was completed by ERGO board members Markus Rieß and Karsten Crede, and is embedded in the organisational structure of ERGO China, although ... Read the full article
Munich Re’s asset manager MEAG names Andree Moschner Chairman
10th October 2019
It's been announced that Andree Moschner will take over as Chairman of the Management Board of MEAG MUNICH ERGO asset manager GmbH, alongside his responsibilities as member of the Management Board of ERGO Group AG, effective November 1st, 2019. MEAG is the asset manager of reinsurance giant Munich Re and ERGO, ... Read the full article
Munich Re’s ERGO Germany implements AI-powered fraud and risk solution
28th August 2019
ERGO Germany, a division of reinsurance giant Munich Re, has completed the implementation of the FRISS solution, an AI-powered fraud and risk solution for the property & casualty (P&C) insurance sector. The implementation enables ERGO Germany with the ability to leverage AI to optimise its portfolio and fasten its claims management ... Read the full article
Munich Re’s ERGO to offload insurance portfolios of three entities to Generali
5th April 2019
ERGO International AG, a division of global reinsurer Munich Re, has announced plans to sell the insurance portfolios of three subsidiaries to Generali Group. The new sale is for its life, non-life and composite portfolios in Hungary and Slovakia. The transaction sees ERGO further consolidate its international business and follows last ... Read the full article
Munich Re’s ERGO to sell four more European units to EIG
8th March 2019
ERGO International AG, a division of global reinsurer Munich Re, has announced that it plans to sell four more of its European insurance subsidiaries to Euroins Insurance Group (EIG). Representatives of both parties have signed a purchase agreement relating to the sale of ERGO’s life and non-life subsidiaries in Romania and ... Read the full article
Munich Re’s ERGO to sell Russian non-life arm to RESO-Garantia
12th February 2019
German reinsurer Munich Re has announced that it intends to sell the Russian non-life re/insurance business of its ERGO International division to Moscow-based insurer RESO-Garantia. The property and casualty (P&C) subsidiary provides a range of insurance solutions both in Russia and internationally, including motor, voluntary health coverage, property, mortgage, travel, accident, ... Read the full article
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