Ludger Grothues, financial expert at LVM Versicherung, died unexpectedly - a huge loss for the company.

Ludger Grothues, financial expert at LVM Versicherung, died unexpectedly - a huge loss for the company.

Ludger Grothues, board member for portfolio management, real estate and financial services at LVM Versicherung, died unexpectedly at the age of 60 after a short, serious illness. LVM Insurance mourns the loss of a proven expert and an impressive personality who, with sound judgment and foresight, made a significant contribution to the development of the LVM group of companies. Ludger Grothues has worked at LVM Versicherung since 1999 and took over the management of the capital investment/portfolio management department in 2005. In 2015 he was appointed general representative and a year later was appointed to the boards of all LVM companies.

Ludger Grothues not only shaped the company, but was also involved in supervisory boards, association committees and support associations such as the Insurance Research Center at the University of Münster. The sustainable orientation of the 21.6 billion euro capital investment was particularly important to him. He invested responsibly to promote the transformation towards a sustainable society. He also managed many real estate projects in Münster and other German locations.

The sudden death of Ludger Grothues leaves a big gap for LVM Insurance. For the time being, Mathias Kleuker will temporarily take over the real estate department and Rainer Wilmink will be responsible for financial services and portfolio management.

The impact of Ludger Grothues' death on the market, consumer or industry could be diverse. As board member for portfolio management, real estate and financial services, he was significantly involved in important decisions that influenced LVM Insurance. His specialist knowledge and his commitment to various committees and associations have had a strong influence on the company. The loss of such an experienced and visionary leader could therefore lead to uncertainty and some loss of strategic direction in the short term.

In the long term, however, Ludger Grothues' death could also have a positive impact if his successors continue to advance the already established sustainable focus of capital investment and real estate projects. These activities could help position the company as a pioneer in sustainability and thereby attract new customers.

Source: According to a report by www.dasinvestment.com