10 June 2015 Insurance

Former Allianz chief joins Ergo board

Munich Re’s primary insurance arm, Ergo, has appointed Markus Rieß as chairman of its board of management.

Rieß, the former chief executive officer of Allianz Deutschland, succeeds Torsten Oletzky, who will depart at the end of the year.

He has also been appointed to Munich Re’s board of management, where he will be responsible for Munich Re’s asset manager Meag’s third-party business, alongside Ergo’s field of business.

The changes were announced by both groups in April, subject to the approval of the respective supervisory boards.

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