At the end of last year, Gothaer announced a change of focus of the strategy regarding the group`s activity in Romania. Gothaer now states some key-strategic aspects regarding the company’s future presence on the Romanian insurance market.

With a new future CEO on board, Leslie J. Breer (subject to approval by the Financial Services Authority), Gothaer is currently developing a new “more sustainable business model and a 3 years business plan.’ Additionally a new CFO will join the company within the next weeks.

“We believe that any company should and must take a step aside from time to time to look over its activity in order to align it to the present economic conditions and also to the shareholders expectations. For that reason, Gothaer started to analyze its portfolio, lines of businesses, costs and company’s performance overall in order to reshape its future development on the local market. Our key goal is to break-even and for that we have all the necessary tools and a great background in Romania”, said Christopher Lohmann, CEO Gothaer Allgemeine AG and Chairman of the Board of Directors of Gothaer Asigurări Reasigurări.