Christine Kaaz is moving from Ergo to Nürnberger Versicherung - what does that mean for the company?

Christine Kaaz is moving from Ergo to Nürnberger Versicherung - what does that mean for the company?

According to a report by www.dasinvestment.com, Christine Kaaz will move from Ergo to Nürnberger Versicherung. From July 1st, she will take over the position of spokesperson for the board of directors for Nürnberger Allgemeine and from January 1st, 2025 she will also become a board member of Nürnberger Beteiligungs-AG. The 46-year-old succeeds Peter Meier, who is retiring.

Christine Kaaz is currently Head of Underwriting for the Ergo Group's global property and casualty business. In this role, she leads, among other things, global portfolio management, product management, actuarial and reinsurance. Kaaz previously held various management positions in underwriting and operational business, most recently at the US insurers American Modern and Munich Re America.

Kaaz plans to take care of natural hazard insurance first. She expressed the need to provide unique and differentiated solutions, especially given that flood insurance in the U.S. has become unaffordable for many people. She sees a similar danger for some regions in Germany and would therefore like to offer solutions in which people who have invested a lot in protecting their homes have to pay less for insurance coverage. With the entry of Kaaz, Peter Meier will resign his mandate at Nürnberger Allgemeine Versicherung and leave the board of directors of the Nürnberger Beteiligungs-AG holding company at the end of 2024.

Christine Kaaz's move to Nürnberger Versicherung could have an impact on the insurance market. Her experience in global property and casualty business could help develop innovative products and tailor-made solutions, particularly with regard to natural hazard insurance. By introducing differentiated tariffs and unique insurance solutions, as proposed by Kaaz, this could lead to increased competitiveness and improved customer acceptance in the market. This shift also signals an approach to long-term sustainability and financial stability by better meeting consumer needs and demands.