September 01, 2014 2:40 PM ET

Insurance

Company Overview of ERGO Versicherungsgruppe AG

Company Overview

ERGO Versicherungsgruppe Aktiengesellschaft is engaged in the insurance business. It offers various insurance products and services, such as life insurance, health insurance, property and casualty insurance, legal protection insurance, direct insurance, travel insurance, and pension products ans services. The company sells its life, and property and casualty insurance products under the ERGO brand. It serves private customers, as well as small and medium-sized businesses, and industrial clients in approximately 30 countries worldwide. The company is based in Düsseldorf, Germany. ERGO Versicherungsgruppe AG operates as a subsidiary of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaf...

Victoriaplatz 2

Düsseldorf,  40198

Germany

32,997 Employees

Phone:

49 211 477 0

Fax:

49 211 477 1500

Key Executives for ERGO Versicherungsgruppe AG

Chief Financial Officer and Member of Board of Management
Age: 40
Head of International Competence Center Bancassurance
Labour Director and Member of the Management Board
Age: 49
Chairman of the Management Board
Age: 48
Member of the Management Board
Age: 54
Compensation as of Fiscal Year 2014.

ERGO Versicherungsgruppe AG Key Developments

ERGO Insurance Group Seeks Acquisitions

ERGO Versicherungsgruppe AG group is looking at Malaysia, Indonesia, Thailand and the Philippines as potential leads for acquisitions.

Ergo insurance group Announces Earnings Results for the First Half of 2014

Ergo insurance group announced earnings results for the first half of 2014. For the period, the company reported profit of EUR 2.5 million, which is several times more than in the same period a year ago. During the first half of 2014, the company wrote more than EUR 77.6 million worth of premiums in the Baltics. The company also wrote EUR 19.4 million worth of insurance premiums.

Ergo to Cut 1,300 Jobs

Ergo plans to slash 1,300 positions in a cost cutting drive aimed at reducing costs by EUR 259 million by 2019. Ergo plans to reduce the second management tier, streamline administration processes and transfer the claim handling operations to one of its subsidiaries. In addition, the company intends to reduce the number of its units.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 14, 2014
Agrotiki Insurance S.A.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ERGO Versicherungsgruppe AG, please visit www.ergo.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.