Ludger Grothues: financial expert and general representative of LVM Versicherung, deceased.

Ludger Grothues: financial expert and general representative of LVM Versicherung, deceased.

LVM Insurance mourns the loss of its board member Ludger Grothues, who died unexpectedly on October 22, 2023 after a short, serious illness. Grothues has made a significant contribution to the development of the LVM group of companies and is described as loyal, trustworthy and lovable. His sudden death leaves a huge void at LVM, both personally and professionally.

Ludger Grothues joined the capital investment/portfolio management department at LVM Versicherung in 1999 and took over its management in 2005. In 2015 he was appointed general representative of LVM Versicherung and a year later was appointed to the boards of all LVM companies. He was also involved in various supervisory boards and association committees as well as in support associations such as the Insurance Research Center at the University of Münster.

The sudden news of his death not only caused an emotional shock for LVM Insurance, but will also have an impact on the market and the industry. As economic experts, we can predict based on comparable cases and experiences that LVM Insurance will have to reposition itself organizationally in the transition phase. Dr. Mathias Kleuker will take over the real estate department and Dr. Rainer Wilmink will be responsible for financial services and portfolio management. It will take time and adjustments to fully stabilize the organization and fill the void left by the loss of Ludger Grothues.

The impact on the consumer may be minimal, as LVM Insurance's activities are primarily aimed at internal changes and the change in the management team has no direct impact on customers. It is possible that customer inquiries will remain largely unaffected and LVM Insurance will be able to continue to offer its services with the usual quality and efficiency.

Source: According to a report by www.dpn-online.com