trending Market Intelligence /marketintelligence/en/news-insights/trending/Z-b6Ojm9x5KKmppWTpHaRg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

ERGO abandons plans to sell German life insurance units

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

ERGO abandons plans to sell German life insurance units

Munich Re insurance unit ERGO Group AG said it has ended discussions regarding the sale of its German life insurance units with traditional life insurance portfolios.

ERGO's management board made the decision after assessing nonbinding offers submitted by potential buyers and discussing all available options.

"In ERGO's view, the current value of the portfolios and its potential appreciation is not adequately reflected in the offers submitted," management board Chairman Markus Riess said, adding that the company has opted to continue managing its traditional life insurance portfolios instead.