Rosgosstrakh, Russia’s largest insurer until its near-collapse last year, is to acquire Ergo Life, a Russian-based life insurance subsidiary of Munich Re, the company said on October 15.
Financial Times: Rosgosstrakh to buy Munich Re’s life insurance unit Ergo Life
Joachim Wenning, new CEO of German reinsurance giant Munich Re, is pictured prior to the company's annual general meeting in Munich, southern Germany, on April 26, 2017. - Nikolaus von Bomhard (unseen) leaves the company after 13 years as CEO. (Photo by Christof STACHE / AFP)
