Financial expert leaves Volkswohl Bund - investments in good hands?

Financial expert leaves Volkswohl Bund - investments in good hands?

According to a report by www.private-banking-magazin.de,
The departure of Axel-Rainer Hoffmann from Volkswohl Bund Versicherungen at the turn of the year has a major impact on the company. As a qualified mathematician, he was responsible for investments, composite insurance and central services and has implemented a complete realignment of the insurer's investments over the last ten years.
The fact that Hoffmann's position has not yet been filled suggests that it may be difficult to find a qualified successor who can continue his work in full.
Since Hoffmann previously worked for large companies such as the Axa Group and Munich Re, his departure from Volkswohl Bund Versicherungen also brings with him his experience and expertise in the industry.
This loss could have a negative impact on the insurer's long-term strengthening given the current interest rate situation in the financial market, which could potentially impact the market, investments and customers.