The Chairman of the Board of the düsseldorf-based insurance group Arag, Paul-Otto Faßbender, is retiring after 20 years from this Position. 4. July will co-ordinate member of the Board Renko Dirksen, 43, the work of the management Board, the company said. A direct successor to the Post of the 74-year-old Fassbender not to give it. Fassbender wants to remain CEO of the parent Arag Holding SE and is aiming for the chairmanship of the Supervisory Board of Arag SE. Also under the new leadership of the insurance is to remain an independent family company. According to information from Arag is the largest German insurance companies owned by the family. The group increased its premium income last year by 6.6 percent to 1.76 billion euros. The largest Item here is the legal protection insurance, which accounted for approximately EUR 1.09 billion in contributions accounted for here.
