Following 16 years of service, Silberschmidt will retire on April 1, 2006.
Sievers has devoted a number of years of his career to the finance and reinsurance industries: from 1980 to 2004, at Swiss Re, he held various management positions including, as a member of senior management for 10 years, strategy, controlling and operations in the corporate, Swiss and Asian sectors.
In 2005 he led a non-life insurance damage control project in Switzerland and the UK. He will be ERG’s CEO until December 31, 2006 until a definitive Seri CEO, to be appointed by Seri’s new board of directors in the course of the coming year, will take over.