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The supervisory bodies of Deutsche Rückversicherung AG and the Association of German Public Insurers have today decided to appoint Achim Bosch (53) to the executive board of the two reinsurers, where he will be responsible for non-life reinsurance.
Bosch will be coming from General Reinsurance AG in Cologne, where, as a member of the board of executive directors, he has most recently been in charge of non-life contractual reinsurance in Germany, Austria, Switzerland, the Netherlands and Central and Eastern Europe since 2008. He has also been responsible for facultative business in these markets since 2017.
Bosch will take up his post as Chief Underwriting Officer for Deutsche Rück and the reinsurance division of the Association of German Public Insurers with effect from 1 January 2019. "We're pleased to have gained an experienced specialist for this responsible position in our companies. Mr Bosch has excellent knowledge and his qualifications are the ideal match for the remit we have outlined," said Dr Frank Walthes, Chairman of Deutsche Rück’s Supervisory Board.
Frank Schaar, CEO of the two reinsurers, added: "I am confident that Achim Bosch will give fresh impetus to the development of our reinsurance activities in our target markets and will provide valuable services."
About Deutsche Rück and the reinsurance division of the Association of German Public Insurers
Deutsche Rückversicherung AG and its subsidiary Deutsche Rückversicherung Switzerland Ltd offer reinsurance cover on the European insurance market, particularly for property insurance lines. With its excellent long-term financial standing and consistent market approach, Deutsche Rück has established itself as one of the leading reinsurers on German-speaking markets. The Deutsche Rück Group's gross premium volume comes to over EUR 1 billion. The reinsurance arm of the Association of German Public Insurers has been offering reinsurance cover to public insurers since 1911, with a focus on lines in which claims are settled over a long period. The gross premium volume of the association's reinsurance division exceeds EUR 450 million. Deutsche Rück and the reinsurance division of the Association of German Public Insurers form an administrative association, although their financial management and underwriting business are completely separate.