Dr Christian Hermelingmeier becomes new Chief Financial Officer of HDI Global SE

Dr Christian Hermelingmeier will become the new Chief Financial Officer of HDI Global SE commencing 1 September 2020. He succeeds Clemens Jungsthöfel, who is joining the Executive Boards of Hannover Rück SE and E+S Rückversicherung AG on the same date. The latter will take over from the current Chief Financial Officer Roland Vogel, who is retiring on 30 September 2020.

Clemens Jungsthöfel (49) has been a member of the Executive Board of HDI Global SE since May 2018 with responsibility for the areas of controlling, risk management, corporate development and passive reinsurance. He played a highly successful part in stabilising HDI Global SE, provided pivotal support for the rehabilitation of property business and successfully restructured the finance function.

Torsten Leue, Chairman of the Supervisory Board of HDI Global SE and Chief Executive Officer of Talanx AG, commented: "I would like to thank Clemens Jungsthöfel for his extremely successful work at HDI Global SE. In recent years he has been instrumental in making HDI Global fit for the future and shaping the cultural transformation. I am delighted that we have been able to recruit such a well-versed financial expert for Hannover Re. I wish him every success in his work. I would also like to congratulate Christian Hermelingmeier on his new challenge. He knows the Group and HDI Global and he has vast experience on the finance side. I wish him every success." Dr Edgar Puls, Chief Executive Officer of HDI Global SE and the member of the Talanx AG Board of Management responsible for the Industrial Lines division, stated: "While the departure of Clemens Jungsthöfel is a painful loss for us, joining a listed company within the Talanx Group is a terrific step for him to take. He has performed outstanding work for us – my considerable appreciation is matched only by how very pleased I am for him. At the same time, I am looking forward to working with Christian Hermelingmeier. I know him very well from his work with us and I have no doubt that with his cultural awareness he will continue to drive the transformation that has begun at HDI Global SE."

These personnel changes are subject to the approval of the Federal Financial Supervisory Authority (BaFin).