German reinsurers Deutsche Ruck and Vov Ruck commit to sustainable investment principles
Reinsurers Deutsche Rückversicherung Group (Deutsche Ruck) and VöV Rückversicherung KöR (Vov Ruck) have made a commitment to sustainable investing and certain other principles by signing up for the Principles for Responsible Investment (PRI).
The PRI were established in 2005, with the support of the United Nations.
“By signing this agreement, we are making a commitment to focusing on sustainable investment and to taking ecological, social and ethical criteria into account when we make our investment decisions”, said Michael Rohde, member of the board of executive of Deutsche Rück Group and VöV Ruck, who is responsible for investments.
“The implementation of the PRI will allow us to further develop our sustainable investment approach and to reconcile the four investment criteria of security, liquidity, returns and sustainability. We hope that this step will also encourage other companies to use their investment activities to promote sustainable development.”
Deutsche Rück and VöV Rück engage in regular dialogue with the German public insurers to discuss the integration of ESG criteria. “We are grateful for the opportunity to be able to learn from each other’s experience as we take this important step”, says Rohde.
Deutsche Ruck offers reinsurance cover on the European insurance market.
VöV Rück is the German public insurance companies’ own group reinsurance company. As a public-law company, VöV Rück underwrites liability, accident and motor vehicle insurance risks exclusively for the German public insurance companies.
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