Eureko appoints new CEO Oranta Insurance, Russia

Eureko has appointed Reinhard Stary to the position of General Director and Chief Executive Officer (CEO) of its operating company Oranta Insurance in Russia, effective 1 September 2010. The appointment is subject to regulatory approval.

Mr Stary has held several senior management positions with Zurich Financial Services Group. He was Deputy CEO of Zurich Insurance in Russia from 2008 to 2009.

Mr Stary replaces Sergey Ustyukov, who will remain a member of the Board of Oranta and act as an advisor to Mr Stary.

“Mr Ustyukov has greatly contributed to Oranta’s achievements and success in Russia during the last 15 years and we thank him for that,” said Eureko Executive Board member Thomas van Rijckevorsel. “To take over this key role for Eureko, we are pleased to appoint someone with Mr Stary’s strong background and track record.”

This year Eureko announced an international strategic focus on its operations in Turkey, Greece and Russia. Oranta Insurance was established in 1995 and joined Eureko in 2008. A regional network is represented by more than 100 company branches and agencies, operating in most regions of Russia. Oranta Insurance has a license for 70 kinds of insurance and reinsurance services. It employs around 1,100 staff.

About Eureko
Eureko is an unlisted leading insurance group that besides its home country The Netherlands, is also active in ten other European countries. Our core business is insurance – life, non-life and health – and services relating to pensions. Building on our cooperative roots, Eureko’s mission is to achieve balanced value creation for all stakeholders: customers, distribution partners, shareholders and employees. Over 2009 Eureko realised gross written premiums of almost 20 billion euros with about 28,000 employees.

For further information, please contact:

Marco Simmers
Press Officer
+31 6 5343 8718

Oranta Insurance
Jacob Minevich
+7 985 924 98 14