Insurance: Ergo sells structured sales unit with 4000 agents – “Transaction has nothing to do with compliance”
Ergo Pro, a sales organization with a chequered history, will operate on the market under the name One Financial Services. Ergo Germany head Willmes explains the separation.
Ergo, a Düsseldorf-based insurer, is separating from its structured sales division, Ergo Pro, which will become part of the Artemis Group, a subsidiary of UK-based private equity firm Oakley Capital. The companies have signed an agreement, with Ergo Pro set to be fully integrated into Artemis Group's distribution platform under the name One Financial Services.
Despite the change in ownership, One Financial Services will continue to sell Ergo products as part of a strategic partnership. The deal is expected to be completed by January 2027, with Ergo's Germany head Oliver Willmes expressing satisfaction with the partnership.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
