Maarika Liivamägi will Join ERGO Baltic Management Board

March 31, 2011

The new Chief Sales Officer (CSO) of the ERGO Baltic Insurance companies is Ms Maarika Liivamägi, she will be responsible for sales and marketing in Estonia, Latvia and Lithuania from the 1st of April 2011.
"We are happy and deeply convinced that Ms Liivamägi will successfully join our company and manage her areas of responsibility in successfully way", said Mr Bagdonavicius, CEO of ERGO insurance companies in the Baltic States.

“Joining ERGO, one of the TOP market leaders, is a great opportunity and challenge. My main goal is the professional and sustainable strengthening of distribution as well as improvement of the market shares, ” said Liivamägi.

Ms Liivamägi served as Board member for Sales and Marketing of SEB Life and Pension products with SEB Bank Group in Estonia since 2006. Ms Liivamägi is well familiar with the pan-Baltic business approach and has been working with various international teams not only in the Baltic Countries but also in Poland, Ukraine, Russia, Sweden, Finland and the United States.

Ms Liivamägi has been appointed to the position by the Supervisory Board on the 15th of March 2011. This decisions will be valid after necessary approvals from local Supervisory Authorities.

The tasks of the CSO function were temporary covered by the respective board member Saulius Jokubaitis until 1st of April 2011.

ERGO is one of the leading insurance groups in the Baltic States operating on the non-life, life and health insurance markets in Estonia, Latvia and Lithuania, on the second pillar pension fund market in Estonia and Lithuania and on the non-life insurance market in Belarus. Almost 400,000 clients in the Baltic States trust the services, expert knowledge and financial stability of ERGO. ERGO’s Baltic companies belong to one of the biggest insurance groups in Europe, the ERGO Insurance Group, which serves 40 million clients in more than 30 European and Asian countries. The owner of the ERGO Insurance Group is one of the world’s largest reinsurance groups Munich Re.

Annika Loigu
Head of Public Relations
Phone +372 50 17654