Insurer

Under Clemens Jungsthöfel’s leadership, Hannover Re aims to continue profitable growth by leveraging its focused reinsurer model and lean structure to maintain competitive advantages. The new CEO describes the company’s starting position for the next strategic cycle as exceptionally strong.

Nürnberger Versicherung has posted the biggest consolidated loss in its corporate history, going 77 million euros into the red. It has drastically cut back on the upcoming dividend payout.

The insurance industry is under pressure due to the drastically increasing claims amounts driven by inflation. Car insurers have plunged deep into the red.