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ERGO Insurance Group AGM appoints new Supervisory Board

(PresseBox) (Düsseldorf, ) The Annual General Meeting of ERGO Versicherungsgruppe AG today appointed a new Supervisory Board. Other important items on the agenda included the approval for the cash payment offer from Munich Re (squeeze out) and a resolution on the dividend payout of €0.60 (last year: 0.00).

Prof. Nadine Gatzert, Insurance Industry Professor at the University of Erlangen-Nuremberg, and Dr. Theodor Weimer, Board Spokesman for UniCredit Bank AG, were newly appointed to the Supervisory Board. The close of today's Annual General Meeting marked the end of the terms of the previous Supervisory Board members Prof. Theo Siegert and Prof. Beatrice Weder di Mauro.

The meeting also resolved to transfer shares from ERGO Versicherungsgruppe AG minority shareholders to Münchener Rückversicherungs-Gesellschaft (squeeze out) in return for a cash payment of €97.72 per nopar share.

In addition, the Annual General Meeting for the 2009 financial year resolved a dividend payout of €0.60 (last year: 0.00) per share. This amounts to a total dividend sum of around €45.3 million.

Detailed information on the Annual General Meeting of 12 May 2010 and voting results on the individual agenda items can be found at www.ergo.com.

This press release contains forwardlooking statements that are based on current assumptions and forecasts of the management of ERGO Insurance Group. Known and unknown risks, uncertainties and other factors could lead to material differences between the forwardlooking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forwardlooking statements or to conform them to future events or developments.

About ERGO Versicherungsgruppe AG

With premium income amounting to € 19 billion, ERGO is one of the major insurance groups in Europe. Worldwide, ERGO is represented in over 30 countries and concentrates on Europe and Asia. In Europe, ERGO is the No. 1 in the health and legal expenses insurance segments; in its home market of Germany, it is among the market leaders across all the different insurance segments. Over 50,000 people work fulltime for the Group, either as salaried employees or as selfemployed sales representatives.

ERGO offers a comprehensive spectrum of insurance, provision and services. Today, over 40 million customers - thereof 20 million customers in Germany alone - place their trust in the expertise and security provided by ERGO and its experts in the various business segments. ERGO is part of Munich Re Group, one of the world's leading reinsurers and risk carriers.

More at www.ergo.com

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