12.06.2018
Wüstenrot & Württembergische AG DE0008051004
DGAP-News: Württembergische has a new Chairman
DGAP-News: Wüstenrot & Württembergische AG / Key word(s): Change of
Personnel
Württembergische has a new Chairman
12.06.2018 / 07:54
The issuer is solely responsible for the content of this announcement.
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Thomas Bischof (43) will be the new Chairman of the Executive Board of
Württembergische Versicherung AG and Württembergische Lebensversicherung AG
starting 1 July 2018. In the course of this generational change, he is
replacing Norbert Heinen (63), who will be concentrating on the life
insurance division on the Board at his own request. The changeover at the
two subsidiaries of Wüstenrot & Württembergische AG (W&W) was announced in
2017 and has now been completed. In the meantime, business has been also
been developing well in 2018.
Bischof joined the W&W Group in July 2017. Before that, he was Head of Group
Development at Munich RE AG. Born in Obernzell in 1974, the business
management graduate also worked for the AXA Group, the ERGO Insurance Group
and the Boston Consulting Group. Norbert Heinen has been Chairman of the
Executive Board of both insurance companies since 2010. As a result of his
proven expertise in the sector, he will still be responsible for life
insurance on the Board of Württembergische Versicherungen beyond 2018, and
continue to play an important role on the Board.
Jürgen A. Junker, Chairman of the Executive Board of W&W AG and Head of the
Supervisory Board of both insurance companies, "My thanks go to Norbert
Heinen for his extremely successful work. In a period of major challenges
resulting from historically low interest rates and increasing regulation, he
has prepared the insurance companies of the W&W Group well for the future.
Thomas Bischof will now push ahead with this realignment and I wish him all
the best for the task ahead."
The Württembergische is traditionally firmly anchored among private
customers by means of its excellent customer service and powerful sales
force. It is also increasingly expanding its role as a "partner to SMEs".
As last year, property/casualty insurance made the biggest contribution to
the good annual results of the W&W Group. Its contribution rose by 6.2
percent to EUR 98.5 million in the first quarter (previous year: EUR 90.2
million). Despite greater natural hazards, the gross combined ratio of 87.4
percent remained almost constant. In life and health insurance, the written
gross premiums grew to EUR 550.9 million, after EUR 545.9 million in the
previous year. A good start has also been made to the second quarter. The
positive trend has become established in new business.
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12.06.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Wüstenrot & Württembergische AG
Gutenbergstrasse 30
70176 Stuttgart
Germany
Internet: www.ww-ag.com
ISIN: DE0008051004
WKN: 805100
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Tradegate Exchange
End of News DGAP News Service
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694437 12.06.2018
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