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Revised Appointment of Dr. Michael Pickel in HUK-COBURG's Supervisory Board

HUK-COBURG's Supervisory Board undergoes a shift: Dr. Michael Pickel (64), an insurance specialist in automobiles, joins the board. Simultaneously, long-standing Supervisory Board member Barbara Saunier (70) departs due to age stipulations in the company's articles of association. The current...

HUK-COBURG's Supervisory Board Alteration / Dr. Michael Pickel reappointed for another term
HUK-COBURG's Supervisory Board Alteration / Dr. Michael Pickel reappointed for another term

Revised Appointment of Dr. Michael Pickel in HUK-COBURG's Supervisory Board

Dr. Michael Pickel, a renowned expert in motor vehicle insurance, has been appointed as a new member of the Supervisory Board (Aufsichtsrat) of HUK-COBURG, effective from June 2025. His extensive experience in the insurance and reinsurance sector, particularly in motor vehicle insurance, is expected to support HUK-COBURG's strategic development.

Dr. Pickel served on the Management Board of Hannover Rück and E+S Rück, Germany's largest motor vehicle reinsurer, for a period of 25 years, from 2000 to 2025. During this time, he held various key positions, including Chairman of the Board of E+S Rück from 2019 until his departure in January 2025.

Professor Dr. Heinrich R. Schradin, Chairman of the Supervisory Board of HUK-COBURG, praised Dr. Pickel's appointment, stating, "Dr. Pickel's deep understanding of the motor vehicle insurance market and clarity in analysis will help advance HUK-COBURG's future path, particularly in new mobility and other areas."

Professor Schradin also thanked Barbara Saunier for her valuable support in developing HUK-COBURG to the top of the German insurance industry. Ms. Saunier, who has provided her expertise for many years, recently left the board due to reaching the age limit specified in the articles of association.

Dr. Pickel's expertise is expected to be particularly beneficial as HUK-COBURG undergoes a transformation phase. His clear analyses and extensive expertise in all reinsurance topics, including the evolving topics around new mobility, are expected to contribute significantly to HUK-COBURG's growth.

For further information and contact, please refer to HUK-COBURG Corporate Communications. Contact details include email: [email protected] and Tel.: 09561/96-22604. Karin Benning can also be contacted at [email protected] for more information.

[1] Source: HUK-COBURG Press Release, Date: [Insert Date] [3] Source: HUK-COBURG Annual Report, Year: [Insert Year]

In light of his 25-year tenure on the Management Board of Hannover Rück and E+S Rück, Dr. Pickel's expertise in the motor vehicle reinsurance industry will be leveraged to support HUK-COBURG's strategic growth, especially in the areas of new mobility. His vast experience in finance and business, combined with his deep understanding of the insurance market, will be instrumental in HUK-COBURG's transformation phase.

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