Markus Riess new CEO of Ergo (Germany), potential successor of Munich Re CEO Nikolaus von Bomhard
26 June 2015
After leaving Allianz Deutschland, Dr. Markus Riess has joined Ergo as CEO and Munich Re’s management board. Ergo is a wholly-owned subsidiary of Munich Re, which operates under the brand names Ergo, Victoria, DKV and others.
Munich Re’s CEO Nikolaus von Bomhard has no known successor and has not announced any plans to retire, despite the fact that he will reach the mandatory retirement age of 60 in 2016. Riess’s appointment to Munich Re’s management board is not a matter of course and may be an indication of things to come.