Simone Auer has been appointed to the role of Chief Risk Officer for Talanx, Hannover Re’s parent company.
She succeeds Professor Dr Gerhard Stahl, the long-term head of Group Risk Management who will stay on with the Group as Research Advisor. Auer will be taking over the role starting May 1, 2023.
Torsten Leue, Chairman of the Board of Management of Talanx AG, said: “Risk is our business as an insurance company. As Chief Risk Officer, Gerhard Stahl headed the team of many colleagues who developed our internal model.
“This has significantly enhanced our decision-making and I owe him my sincere thanks. Simone Auer will continue this journey, which aims to help us better expect the unexpected in these times of rapid change and global crises.”
Auer moved from Group subsidiary Hannover Rück SE to Talanx’s Group Risk Management in October 2022 to become Deputy Chief Risk Officer.
Prior to that, she was part of the Dynamic Financial Analysis unit at Hannover Re for 17 years, becoming head of the function in 2016 and was responsible for the Hannover Re Group’s internal model, among other things.
Gerhard Stahl will now focus to an even greater extent on his university research. According to the announcement, his plans include European research projects in the areas of climate risks and cyber risks.
He will continue to act as a mentor for Talanx’s young staff and will serve in the company as Research Advisor. These roles will allow him to innovatively facilitate knowledge transfer and build links between younger academics and companies.
Dr Jan Wicke, Talanx AG’s CFO, commented: “We would like to thank Gerhard Stahl for his dedicated work at our Group over the past 16 years. His outstanding risk management expertise has been instrumental in helping us master the challenges of modern risk modelling so successfully at Talanx.
“We are delighted that we will be still able to draw on his enormous knowledge going forward. He is to be succeeded by an excellent internal candidate, Simone Auer. I would like to wish her every success in her new role and am looking forward greatly to our work together”.
