Merkur Versicherung and Bayerische start a cross-border partnership
Graz, Munich (OTS) – Grazer Merkur Versicherung is stepping up its cross-border activities and is starting an exclusive partnership with Bayerische with a focus on sustainable investment. In addition to participating in the climate-friendly real assets fund of Pangea Life, the sustainability brand of the German insurance group, the traditional insurers want to use synergies, increase the transfer of know-how and jointly promote talent.
Merkur Versicherung is taking the next step for the future and is looking beyond national borders: together with the German insurance group Bayerische, Grazer Versicherung is forging a transnational alliance that, with the investment in the tangible assets fund set up by Aquila Capital and Bayerische in 2017 in the area of Renewable energies continues the chosen sustainable path.
The oldest insurer in Austria and the traditional Munich insurer are also planning to jointly promote talent through an employee exchange program so that they can learn from each other across national borders. Both companies look forward to the international dialogue, the exchange of know-how and the resulting added value for customers and sales partners.
„With Merkur Versicherung, we have found a partner in Austria who could hardly fit better with our own DNA“Says Dr. Herbert Schneidemann, CEO of the Bayerische insurance group. Martin Gräfer, board member of Bayerische adds: “We are united by the holistic vision of not letting the damage event occur in the first place for our customers. A healthy planet is a prerequisite for this. We are all the more pleased that our Graz colleagues are committed to effective climate protection with their investment in the Pangea Life Fund.“
„With this step we are combining the best of both worlds. The cooperation combines the expertise of Bayerische in the area of life insurance with our know-how in health insurance, driven by an ambitious sustainability strategy that sets us apart. We look forward to a country dialogue with a partner who enriches us on many levels“, Says Ingo Hofmann, CEO of Merkur Versicherung.
Merkur Versicherung has been active on the domestic market with its unit-linked life insurance GreenLife since October 2020. Awarded the Austrian Ecolabel, investments are only made in companies that make a positive contribution to the environment and society: in the areas of resource conservation, recycling and climate protection. The investment strategy is developed and continuously adapted by the capital experts at Metis Invest GmbH.
On the German insurance market, Pangea Life is one of the pioneers for sustainable insurance solutions. The fund invests exclusively in specific real assets from the renewable energies sector and enables customers to combine returns and measurable climate protection through sustainable direct investments far away from the stock exchange.
Inquiries & contact:
Jürgen Pock | Press officer
Merkur Insurance AG
Tel.: +43 316 8034-2429
Car: +43 664 4500936