Clemens Jungsthöfel succeeds Jean-Jacques Henchoz on the Board of Management of Talanx AG
- Jean-Jacques Henchoz will not extend his expiring contract at his own request and will leave the Board of Management of Talanx AG on 31 March 2025
- Chief Financial Officer and designated Chief Executive Officer of Hannover Re, Clemens Jungsthöfel, will take over as Member of the Board of Management of Talanx AG with responsibility for the Reinsurance division from 1 April 2025
Jean-Jacques Henchoz has led Hannover Re very successfully since 2019 through a partially turbulent market environment. During this time, Hannover Re's market capitalisation has almost doubled to about EUR 29 billion thanks to strong, profitable growth. Over the past six years, the return on equity has averaged 14.7%.
Herbert K. Haas, Chairman of the Supervisory Board of Talanx AG, said: “We very much regret Jean-Jacques Henchoz’ decision. He has led the Reinsurance division very successfully with great strategic foresight through times which have often been turbulent, and he has further significantly expanded the market position and profitability of Hannover Re. I would like to thank him most sincerely for his commitment, also on behalf of the Supervisory Board, and wish him all the best and every success for the next chapter in his career. I would also like to take this opportunity to wish his successor Clemens Jungsthöfel every success in his new role.”
Clemens Jungsthöfel has proven his exceptional expertise in recent years as Chief Financial Officer of Hannover Re and the corporate and specialty insurer HDI Global as well as a partner at auditing and consulting firm KPMG, where he exclusively advised primary insurance and reinsurance companies. In a challenging market environment, he made a significant contribution to the strategic direction of Hannover Re, its strong financials and earnings as well as its resilience. He is an auditor, tax consultant and qualified insurance agent.
Torsten Leue, Chairman of the Board of Management of Talanx AG, thanks Jean-Jacques Henchoz for the successful cooperation: “The entire team on the Board of Management has greatly enjoyed working together with Jean-Jacques and very much regrets his decision. Jean-Jacques enriched the Talanx Board of Management and the Group as a whole through his highly entrepreneurial approach, his great foresight and his team spirit. I would like to wish him every success and all the best in the next chapter of his career. His successor Clemens Jungsthöfel is a seasoned insurance expert who combines an engaging personality with strong strategic capabilities and exceptional proximity to customers and the market.”
Disclaimer
This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s control, affect Talanx AG’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialise, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
Contacts
