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ERGO German P&C chief to retire

ERGOVersicherungsgruppe AG said April 5 that Christian Diedrich will resignfrom his positions as a management board member of the group and management boardchairman of German property and casualty unit .

Diedrich will retire at the end of 2016, having reached age60. He joined the group in 1985, has been a board member of ERGO Versicherung for15 years and has been in charge of P&C insurance in Germany since 2008.