AMB STRATEGY ENHANCEMENT

[BIZ: Aachen, September 28]
The third-largest primary insurance group in Germany has adopted a new structure. The multi-channel insurers Generali in Munich and Volksfürsorge in Hamburg are to be merged. This will create a leading provider in the German insurance market. The Group's distribution-channel focus on direct selling with CosmosDirekt and on Deutsche Vermögensberatung as the exclusive distribution partner of AachenMünchener remains unchanged. By implementing the new business model, the Group will eliminate redundant structures, reduce its costs and increase its earnings substantially. The project is subject to the approval of the competent corporate bodies and of BaFin, the German Financial Services Regulator.
http://www.amb.de/