HANNOVER Re CFO VOGEL to retire. HDI's JUNGSTHOFEL appointed new CFO

10 August 2020 — Andrei Victor
Roland VOGEL, the CFO of German reinsurer Hannover Re, is retiring from the company on September 30th, 2020 after more than 30 years at the company. He will be succeeded by Clemens JUNGSTHOFEL, the current CFO of HDI Global SE.

At the same time, Christian HERMELINGMEIER, who will succeed Clemens JUNGSTHOFEL, is currently responsible for controlling in the Retail Germany division of the TALANX Group. These changes are subject to the approval of the Federal Financial Supervisory Authority (BaFin).

Roland VOGEL will continue to place his proven expertise at HANNOVER Re's disposal in an advisory role and in the interest of HANNOVER Re he will remain a member of the Supervisory Board or Advisory Board at certain companies. In the course of his more than 30 years with HANNOVER Re Roland VOGEL successfully manoeuvred the Group through the financial crisis of 2008 / 2009 and prepared it for Solvency II - he played a significant role in enhancing the value and reputation of HANNOVER Re for all stakeholders.

His successor, Clemens JUNGSTHOFEL, has served on 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 has been highly successful in supporting the rehabilitation of property business at HDI Global and enjoyed similar success in restructuring the finance function. A seasoned expert in matters of both finance and insurance, he previously worked as a partner with the accounting and consulting firm KPMG with responsibility for auditing and advising insurance undertakings. He is a certified public auditor and tax consultant as well as a qualified insurance practitioner. The focus of his work with KPMG was on internationally operating insurance groups, including industrial line and specialty insurers and reinsurers.

Christian HERMELINGMEIER, who will succeed Clemens JUNGSTHOFEL, is currently Head of Controlling in the Retail Germany division. In this capacity he serves as a member of the Supervisory Boards of HDI Lebensversicherung AG, HDI Versicherung AG, HDI Pensionskasse AG and HDI Pensionsmanagement AG. He gained experience in industrial lines while serving as Head of Operational Controlling at HDI Global from 2016 to mid-2018. He holds a doctorate in business mathematics and is also a certified actuary (DAV).

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