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Ergo Group
Insurance group headquartered in Düsseldorf, Germany From Wikipedia, the free encyclopedia
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Ergo Group AG (stylized as ERGO) is a German insurance group headquartered in Düsseldorf, Germany. It is one of the largest primary insurers in Europe and a wholly owned subsidiary of Munich Re (Münchener Rückversicherungs-Gesellschaft AG), one of the world’s leading reinsurance companies.[1][2]
History
Ergo Group was established in 1997 through the merger of Victoria Holding and Hamburg-Mannheimer Holding, both of which trace their origins back to the 19th century.[3] Over time, other insurers such as DKV Deutsche Krankenversicherung and Europäische Reiseversicherung were integrated into the group.[3]
In 2016, the company was restructured and renamed Ergo Group AG, introducing sub-holdings including Ergo Deutschland AG, Ergo International AG, and Ergo Digital Ventures AG to manage regional and digital operations.[3]
In 2025, Ergo, acting through Munich Re, acquired the remaining 71% of U.S.-based Next Insurance for US$2.6 billion. The deal brought Ergo’s stake to 100% and marked its official entry into the U.S. insurance market. The acquisition was completed on 1 July 2025.[4][5]
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Operations and business segments
Ergo operates through three main divisions:
- Ergo Deutschland AG – Manages the German market with products spanning life, health, property, liability, and legal protection insurance. Subsidiaries include Ergo Versicherung, Ergo Vorsorge Lebensversicherung AG, DKV, and Ergo Reiseversicherung.[3]
- Ergo International AG – Oversees operations in over 20 countries worldwide, focusing on Europe, Asia, and since 2025, the United States.[1][3]
- Ergo Technology & Services Management AG – Provides centralised IT services and digital infrastructure for the group.[6]
Additionally, Itergo Informationstechnologie GmbH was established in 2000 as a wholly owned IT service provider supporting Ergo’s operations in Germany.[7]
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Management
The management of Ergo Group AG is overseen by a Board of Management, which is responsible for strategic direction and day-to-day operations, and a Supervisory Board, which monitors and advises the executive team.[1]
As of 2025, the CEO and Chairman of the Board of Management is Markus Rieß, who has held the position since 16 September 2015.[8] Other board members are responsible for Finance, Technology, Digitalization, Underwriting and Human Resources.[9]
Financials and workforce
As of 2024, Ergo reported annual insurance revenue of €20.8 billion and had around 37,000 employees and sales partners worldwide.[10]
Stock market presence
Ergo was listed in the MDAX until 2001; following Munich Re’s move to full ownership, Ergo ceased to have an independent stock market listing. Shares of Munich Re are traded on the Frankfurt Stock Exchange and the company is included in the DAX index.[11][2][12]
Headquarters
Ergo’s headquarters are located in the Victoria-Haus (also known as the Ergo Tower) in Düsseldorf’s Pempelfort district. The cylindrical high-rise, constructed between 1994 and 1998, stands approximately 108 metres tall with 29 floors above ground.[13]
Sponsorship
Since 2022, Ergo has been the official insurance partner of the German Football Association (DFB), including support for the men’s, women’s, and under-21 national teams as well as the DFB Academy.[14]
The company also served as an official national partner of UEFA Euro 2024 in Germany, with a focus on the tournament’s volunteer programme.[15]
See also
References
External links
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