Simone Auer appointed as Talanx’s new Chief Risk Officer

Simone Auer to be Talanx's Chief Risk Officer (CRO) with effect from 1 May 2023
Professor Dr Gerhard Stahl to devote more time to research in future, but will stay on with the Group as Research Advisor

Simone Auer (42) has been appointed as Talanx’s Chief Risk Officer with effect from 1 May 2023. She will succeed Professor Dr Gerhard Stahl (65). The long-term head of Group Risk Management will stay on with the Group as Research Advisor.

“We would like to thank Gerhard Stahl for his dedicated work at our Group over the past 16 years. His outstanding risk management expertise has been instrumental in helping us master the challenges of modern risk modelling so successfully at Talanx. We are delighted that we will be still able to draw on his enormous knowledge going forward. He is to be succeeded by an excellent internal candidate, Simone Auer. I would like to wish her every success in her new role and am looking forward greatly to our work together”, said Dr Jan Wicke, Talanx AG’s CFO.

Torsten Leue, Chairman of the Board of Management of Talanx AG, said: “Risk is our business as an insurance company. As Chief Risk Officer, Gerhard Stahl headed the team of many colleagues who developed our internal model. This has significantly enhanced our decision-making and I owe him my sincere thanks. Simone Auer will continue this journey, which aims to help us better expect the unexpected in these times of rapid change and global crises.”

A mathematician by training, Simone Auer moved from Group subsidiary Hannover Rück SE to Talanx’s Group Risk Management in October 2022 to become Deputy Chief Risk Officer. Before that, she spent 17 years in the Dynamic Financial Analysis unit at Hannover Re, becoming head of the function in 2016. In this capacity, she was responsible for the Hannover Re Group’s internal model, among other things. Now, with effect from 1 May 2023, she will take over the CRO function at Talanx.

Going forward, Gerhard Stahl will focus to an even greater extent on his university research. His plans include European research projects in the areas of climate risks and cyber risks. He will continue to act as a mentor for Talanx’s talented young staff and will serve in the company as Research Advisor. These roles will allow him to innovatively facilitate knowledge transfer and build links between younger academics and companies.

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.