Frank Schaar new member of the Board of Executives of Deutsche Rück and Verband öffentlicher Versicherer
With effect from March 1, 2010 Frank Schaar (49) is new member of the Executive Board of Deutsche Rückversicherung AG and Verband öffentlicher Versicherer. Both companies’ supervisory boards agreed on his appointment. As Chief Underwriting Officer (CUO) and Deputy Chairman (from April 1, 2010 ) Schaar is successor to Dr Walter Reindl (57), who will be leaving the companies at his own request after 15 years of successful board activities by March 31, 2010.
“We are very glad about winning Mr. Schaar over, as he is an experienced expert of reinsurance business. He has extraordinary expertise in underwriting and retrocession and receives high appreciation on the market”, the Chairman of the Supervisory Board, Ulrich-Bernd Wolff von der Sahl, stated. Friedrich Schubring-Giese, Chairman of the Association of Public Insurers, pointed out, that Schaar’s experience on Germanspeaking and international reinsurance markets ideally complements the reinsurance competencies of both companies.
Schaar began his professional career in 1982 with E+S Rück and was responsible for the non-life business with the German shareholding companies. From 1998 to 2000 – being central divisional director and member of the Extended Management Board – he was responsible for the non-life treaty underwriting operations of Hannover Re in the business divisons of Asia, Australia and Africa. In the year 2000 he was appointed as CEO of Converium Deutschland AG and in 2001 was nominated into the Group Executive Committee of Converium Holding AG. Since September 2008 Schaar has been member of the Executive Board of Saxum AG in Saarbrücken.
Parting Dr. Walter Reindl came to Deutsche Rück and Verband öffentlicher Versicherer
as divisional director for reinsurance in 1989. Since 1995 he was responsible for the
reinsurance department on the Board of Executives and at the beginning of the year
2009 was appointed as Deputy Chairman. During that time Deutsche Rück recorded a
stable and continuous upward trend. Simultaneously to Reindl’s period of office the
successful expansion of business activities outside the group of public insurers and
across the borders of German-speaking markets took place.
