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Gossmann & Cie. acquires German insurer SOVAG

  • Transaction ensures significant operational scalability for ExPRO

Hamburg, 9th January 2020. Gossmann & Cie. today announces the acquisition of Schwarzmeer- und Ostseeversicherungs-AG (SOVAG) via its holding company Minerva Capital GmbH. Sellers were Gazprom Germania GmbH, Insurance Company of Gaz Industry (SOGAZ) and VOLGA Resources Investments. The transaction follows the completion of the transfer of SOVAG’s legacy portfolio to DARAG on 19th December 2019. The financial terms of the transaction, which was closed on 30th December 2019, were not disclosed. Press release >>


ExPRO (Expiring Policy Roll-Over) heading for market launch

Gossmann & Cie. introduces management team

  • Joanna Aquilina to be Executive Director of Gossmann & Cie.’s new risk carrier
  • Patrick Riecken will join as Head of Underwriting
  • First tests of ExPRO reveal a reduction in cost of capital in the range of 17 to 49 per cent

Hamburg, 5th September, 2019. Arndt Gossmann, the renowned insurance expert and founder of Gossmann & Cie., nominates the first members of his new management team. Joanna Aquilina (43) will become Executive Director of Gossmann & Cie.’s new risk carrier that is currently being set up in Malta. Patrick Riecken (53) will lead the transactions department as Head of Underwriting. Press release >>


10 February SZ Reinsurance Dinner Hamburg, Germany
11 February SZ Specialist Conference Run-Off Hamburg, Germany
17 March Uni Leipzig Insurance Day Leipzig, Germany
2 April L'Argus Le grande forum de l'assurance Paris, France
30 April European Captive Owners Summit 2020 Amsterdam, Netherlands
18/19 May SZ AI and Data Analytics in the Insurance industry Munich, Germany
18-20 May irla Congress 2020 Brigthon, UK
12-17 September Les Rendez-Vous de Septembre Monte Carlo, Monaco
18 October Guy Carpenter Reinsurance Symposium Baden-Baden, Germany
18-22 October Reinsurance Meeting Baden-Baden, Germany
12 November irla Annual Members Dinner London, UK


Red Robin
Strategic Public Relations
Susanne Wiesemann
Virchowstraße 65b
D-22767 Hamburg

+49 40 692 123 20