Hyperion, the world’s largest employee-owned insurance group, announced today the appointment of Gert Schloßmacher as CEO of its broking parent company in Germany. Specialist brokers Euroassekuranz, Himmelseher, Howden Caninenberg and Howden Germany (formerly Hendricks and Co GmbH) form the Group’s broking operations in the country.
The acquisition of Euroassekuranz, in September 2016 saw Hyperion’s combined German broking operations make the Group a top ten broker in Germany. As well as Euroassekuranz’s significant mid-market expertise, Hyperion has leading Financial Lines, Sports and Entertainment and Marine capabilities in Germany, and now has more than 300 employees across 11 locations.
Schloßmacher will be charged with maximising the combined strengths of the German businesses to fully leverage synergies and new market opportunities by developing the considerable employee talent pool, attracting new expertise, and harnessing the capabilities of the wider Hyperion Group to bring in new products and services.
David Howden, CEO of Howden and parent company Hyperion, said: “Germany is an extremely important market for Hyperion. Already our second largest broking market following the acquisition of the D&O market-leader Hendricks in 2009, the later additions of our successful Marine and Transactional Liability operations, and our leading Sports and Entertainment businesses within Howden Sicherheit International, it is also home to one of our most successful underwriting operations, DUAL Deutschland.
“We have long recognised that the country presents significant growth potential and we are now in a position to combine our specialist broking capabilities to bring something different to the German market, offer more opportunities for our existing and future employees, and ultimately to deliver more to our clients. Gert’s leadership skills combined with his innovative and entrepreneurial approach to solving problems for clients mean that he is well placed to work with the leaders of the businesses to make Howden a top five broker in Germany.”
Schloßmacher joined Hyperion in January 2016 as MD of Financial Risks at RKH Specialty and Global Head of Trade Credit at Howden. He joined Hyperion from Euler Hermes, a leading global provider of credit insurance, where he worked for almost 25 years, most recently as Group Head of Global Sales. During his time with Euler Hermes, Gert held a number of senior roles with the group, having been member of the Board of Management in Germany - where he was also in charge of the Swiss business - and in Austria.