ERGO in the UK & Ireland
In April 2013, ERGO Insurance set up a new structure in UK operations by appointing D. Niemann, former Head of Munich Re’s primary insurance activities in the UK & Ireland and Chairman of Three Lions Underwriting Ltd (TLUL), as Head of the branch.
ERGO has taken the strategic decision to strengthen the presence in the UK & Ireland and London market, based upon the very good experience and the potential, targeting industrial business in the UK & Ireland alongside the take-over of TLUL, a London-based underwriting manager, wholly owned by Munich Re, which successfully writes commercial business for more than 13 years.
Based upon the very positive cooperation with ERGO in the past, the strategic decision was taken to transfer this commercial business intra-Group to ERGO as “best owner” to further progress the business.
Combining the respective industrial and commercial businesses and expertise will provide a solid platform for ERGO’s further profitable development and diversification in the UK & Ireland market. This strategic decision safeguards the long-term continuity of the executive Management and establishes consistency in the technical Underwriting.
Reporting of the ERGO UK Branch is directly to Dr Markus Hofmann, CEO of ERGO and responsible for ERGO's P&C insurance business.
ERGO UK Branch has taken over the local commercial UK portfolio from Great Lakes UK (GLUK), so far underwritten by TLUL, and clients, agencies and brokers will continue to receive full service.
With the Branch set-up, ERGO is able respond to the growing needs of corporate clients and brokers in the UK & Ireland and London market, who wish to strengthen their insurance panel with a financially strong, professional insurer, by offering an even stronger partnership for clients and by being committed to a long-term engagement.
The ERGO Group is also operating in the UK & Ireland with their leading specialists for legal protection and for travel insurance for both private and corporate clients.