“We are delighted that we have been able to recruit Thorsten Pauls as a competent expert with a proven track record in insurance business from our own ranks,” commented Jan Wicke, Chairman of the Management Board of Retail Germany in the Talanx Group and Member of the Board of Management of Talanx AG. “Thorsten Pauls has been part of the company for a long time and perfectly completes the management board with his know-how.”

Torsten Pauls studied mathematics and will be responsible for the newly created portfolio in the above companies, including the areas of “Risk Management”, “Actuarial Function”, “Accounting, Reporting and Taxes” and “Controlling”.

Dr Thorsten Pauls has held management positions in the Talanx Group since 2011. His most recent posts were as Chief Risk Officer in the Retail Germany Division, Head of Risk Management at HDI Kundenservice AG in Cologne and General Representative for the Bancassurance Companies. Prior to this, he headed the Life Actuary Portfolio – Reporting, Planning, Risk Management as a mathematician at insurer RheinLand Versicherungen.

The appointments are subject to the approval of the Federal Financial Supervisory Authority (BaFin).