HDI Lebensversicherung AG aligns Board of Management with new strategy

Fabian von Löbbecke to lead new strategy for new business as from March
Bartlomiej Maciaga to be appointed to a new Board of Management position, Actuarial Services and Underwriting, focusing on actuarial inforce management
Silke Fuchs to continue as the Board of Management member for life insurance operations
Sven Lixenfeld’s responsibilities to be expanded to include life insurance and bancassurance IT in Germany
Dirk Böhme will step down at the end of February on the best of terms and by mutual agreement

HDI Lebensversicherung AG is aligning its Board of Management with its new strategy. As of 1 March 2022, Fabian von Löbbecke, responsible up to now for the occupational retirement provision business, will become a Board of Management member with responsibility for life insurance products and new business. Bartlomiej Maciaga, a specialist in the field of life insurance portfolio optimisation and migration, will join the Group on 1 March 2022. He will be responsible at HDI Life Insurance for actuarial services and underwriting, initially as an authorised representative. Silke Fuchs will continue to be responsible for life insurance operations at HDI Lebensversicherung AG and in the bancassurance area. At the same time, life insurance IT management will become a top-level issue: Sven Lixenfeld, the member of the Board of Management at HDI Germany responsible for the life insurance business and Chairman of the Board of Management of HDI Lebensversicherung AG, will additionally assume responsibility for life insurance and bancassurance IT within Germany. As part of the Group’s restructuring measures, Dirk Böhme – CIO at HDI Life Insurance and a member of the Board of Management at HDI Systeme AG, the Talanx Group’s IT service provider – will step down at the end of February on the best of terms and by mutual agreement.

As announced in November 2021, HDI Lebensversicherung AG has adopted a new strategy aimed at making it a lean and substantially more profitable life insurer and to offer customers a focused, attractive portfolio of products for personal and occupational retirement provision. Market acceptance of its unit-linked CleverInvest product has provided confirmation that HDI Germany is on the right track with this. In addition, biometric risk cover will still be provided. At the same time, the company’s systematic inforce management activities and strict cost-cutting policy will be continued.

Going forward, Fabian von Löbbecke will be responsible for new business in the areas of occupational and personal retirement provision at HDI Germany. He has many years’ experience of developing retirement provision solutions and implementing them in sales operations. The mathematician is currently a member of the Board of Management of HDI Lebensversicherung AG, where he is responsible for occupational retirement provision, and also holds other board positions at bancassurance companies belonging to the Talanx Group’s Retail Germany Division.

Bartlomiej Maciaga is an actuary and member of the German Association of Actuaries (DAV) with substantial expertise in the areas of underwriting and life insurance IT. His role will be to reduce the technical complexity of HDI Life Insurance’s portfolios, manage the portfolio migration process and drive forward actuarial portfolio management. Bartlomiej Maciaga studied economics, finance and banking in Warsaw. After 5 years at Gerling’s Actuarial Services department in Poland, he became an international consultant for more than 15 years, an area he worked in down to the present. His most recent position was at strategy consultants Boston Consulting Group, where he advised life insurers on strategic issues and portfolio optimisation. Subject to approval by BaFin, the German supervisory authority, the plan is to appoint Bartlomiej Maciaga to the Board of Management of HDI Lebensversicherung AG with effect from 2023.

Silke Fuchs will remain responsible for enhancing and modernising life insurance operations and will push forward efficiency projects.

Dirk Böhme, the Board of Management member responsible for life insurance IT at HDI Lebensversicherung AG and HDI Systeme AG, is leaving the company on the best of terms and by mutual agreement to pursue new opportunities. Sven Lixenfeld will take over responsibility for the area as from March. In addition to his broad experience of personal and occupational retirement provision, Sven Lixenfeld has substantial skills in the field of life insurance IT. He was the member of the board of SV SparkassenVersicherung with responsibility for life insurance and IT from 2008 onwards. While there, his activities included migrating all legacy systems to the new target IT environment.

Dr Christopher Lohmann, Chairman of the Supervisory Boards of HDI Lebensversicherung AG and HDI Systeme AG and the Talanx AG Board of Management member responsible for the Retail Germany Division, commented on the changes as follows: “I wish Sven Lixenfeld, Fabian von Löbbecke, Bartlomiej Maciaga and Silke Fuchs every success in their roles. The Board of Management team has the expertise and experience needed to systematically implement the new strategy and make it a success. Fabian von Löbbecke will shape a lean, profitable product range, Silke Fuchs will enhance operations with a strong focus on customer satisfaction and efficiency, and Bartlomiej Maciaga will drive forward our actuarial management activities in close tandem with IT. The new Board of Management will provide optimum support for the sales activities headed by Stefanie Schlick, HDI Germany’s new Chief Sales Officer, and Iris Kremers, who is responsible for HDI Germany’s bancassurance activities. I would like to thank Dirk Böhme sincerely for his hard work and successful contribution to reorganising HDI Germany’s life insurance IT operations. I wish him all the best for the future, both personally and professionally.”

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.