"Bayer management is not exactly progressive, " says Guido Dette, the head of investments at Gerling Insurance in Cologne.
FORBES: A headache in Leverkusen
2.
Other particularly weak life companies are Hannoversche Leben, Victoria (owned by Munich Re, a big reinsurer) and the life arm of Gerling, one of Germany's weakest general insurers.
ECONOMIST: Many European life companies are still in dreadful shape