New Chief Executive in Generali Versicherungen:

Dr. Wilhelm Kittel (63), Chief Executive Officer of Generali Versicherung AG and Deputy Chief Executive Officer of Generali Lebensversicherung AG went into retirement on July 31, 2009. The executive with the longest seniority in the Generali Deutschland Group has thus left the operating field and will join the Supervisory Board of Generali Lebensversicherung AG on January 1, 2010.

Dr. Kittel had worked in the Group for 33 years and had held managing board functions since 1986. In 2003 he became the Chief Executive of Thuringia Generali (Generali as from 2004) Versicherung AG and of Thuringia Generali Lebensversicherung AG. Dr. Kittel's most important achievements as Chief Executive include the successful merger of the Generali Lloyd companies and Thuringia Versicherung which was completed by the company moving to the new head office building in the Munich district of Neuperlach in 2005.

With the merger of Generali Versicherungen and Volksfürsorge Versicherungen at the beginning of 2009 he was appointed as the Chief Executive of Generali Versicherung AG as well as the Deputy Chief Executive of Generali Lebensversicherung AG.

With effect from August 1, 2009, the Supervisory Boards of Generali Versicherungen appointed Winfried Spies (55) as the Chief Executive of Generali Versicherung AG and Generali Lebensversicherung AG, both having their head office in Munich . He holds a university degree in mathematics and assumes this function in addition to his office as member of the Board of Management and Director of Labour Relations in Generali Deutschland Holding AG.

Winfried Spies has been working in the Generali Deutschland Group for 25 years and has held managing board functions since 1992. In the years 2000 through 2002 he had already been a member of the Boards of Management of the Munich-based predecessor companies of today's Generali Versicherungen. Starting from 2002 he was the Chief Executive of CosmosDirekt, which is also part of the Group, before being appointed to the Board of Management of Generali Deutschland Holding AG in 2008.

In Munich, Saarland-born Spies will head a company which after the merger of Generali Versicherungen and Volksfürsorge Versicherungen at the beginning of this year is among the biggest in the German insurance market.

Munich, August 3, 2009


With a premium income of over € 5 bn, more than six million customers and investments of € 37 bn, Generali Versicherungen is one of the important financial service companies in the German market. The company's nation-wide presence is assured by more than 2,900 administrative employees, a sales organization with over 2,400 tied agencies and specialists, the distribution company Volksfürsorge AG Vertriebsgesellschaft für Vorsorge- und Finanzprodukte with a sales staff of about 4,000 persons and tied agencies, the broker channel with approx. 8,000 active relations of brokers and multiple agents and more than 80,000 side-job intermediaries working for Generali and/or Volksfürsorge AG.