Nuremberger Insurance: Harald Rosenberger new CEO - financial expert analyzes the 2023 Annual General Meeting

April 28, 2023 – 3:31 p.m

NUREMBERGER Insurance

Nuremberg (ots)

With this year's general meeting, Nürnberger Versicherung opened a new chapter in its corporate history.

As of today, Nuremberg has a new CEO. Harald Rosenberger (46) took over the position from Dr. Armin Zitzmann (62), who left when he reached the age limit. Rosenberger came to Nürnberger from Munich Re in 2017. Two years later he was appointed to the group's board of directors, where he was responsible for life and health insurance.

Zitzmann has been a board member of Nuremberg since 1999 and took over as chairman in 2013. He successfully led the company through a difficult economic environment characterized by low interest rates. During his term of office, Zitzmann made significant decisions for the future of the insurer. The most visible: the realignment of the Nürnberger brand in 2017. Of particular strategic importance were the optimization of the sales structure and support as well as the expansion of the online business. In addition, during his chairmanship, the fundamental modernization of the IT systems was initiated and the topic of sustainability was integrated into the corporate strategy.

With Harald Rosenberger taking office as CEO, Nuremberg has completed the restructuring of its board. In the past few months, Katja Briones-Schulz (Life), Dr. Thomas Reimer (IT) and Wolfram Politt (Operations) have been appointed to the committee, joining Andreas Politycki (Sales), Peter Meier (Claims) and Dr. Jürgen Voß (capital investments).

AGM approves dividend and elects new supervisory board

The balance sheet for the past financial year was presented at the general meeting. Despite the challenges posed by the pandemic, the war in Ukraine and inflation, the consolidated result increased significantly from EUR 64.3 million to EUR 69.8 million.

In his speech, Zitzmann emphasized: "The complexity of the market environment is unparalleled in the current situation. Despite the volatile environment, Nuremberg has managed to position itself well in the market in 2022."

At the suggestion of the Supervisory Board and Executive Board, the Annual General Meeting decided to increase the dividend from EUR 3.30 to EUR 3.50 per share. This makes Nürnberger Beteiligungs-AG (NBG) one of the very few companies in Germany that have always paid at least a constant dividend for decades. Since its founding in 1989, NBG has never reduced or suspended its dividend.

The supervisory board and management board were almost unanimously discharged.

At the general meeting, the shareholders also elected the supervisory board for five years on a rotating basis. New members of the committee include Walter Bockshecker, the previous HR director at Nuremberger. Chairman of the Supervisory Board remains Dr. Wolf-Rüdiger Knocke (67).

Press contact:

Ulrich Zeidner
Corporate media spokesperson
NUREMBERGER Insurance

Ulrich.Zeidner@nuernberger.de
(0911) 531-6221

Original content from: NÜRNBERGER Versicherung, transmitted by news aktuell