A German insurance company says it organized an orgy with prostitutes in a renowned Hungarian spa to reward its best salesmen.
A spokesman for Ergo insurance said one of its subsidiaries had organized the party in Budapest’s art nouveau Gellert Baths in a clear violation of the company’s values.
Alexander Becker said about 100 of the company’s best salesmen had been invited to the orgy, which featured numerous scantily clad hostesses and about 20 prostitutes.
He added those responsible for the June 2007 trip have left the company.
Prostitution is legal in Hungary and Germany.
Ergo belongs to Munich Re, one of the world’s biggest reinsurance companies, in which U.S. billionaire Warren Buffet’s investment firm Berkshire Hathaway holds a 10 percent stake.
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
Business Interruption Claims Arising From the Middle East Conflict 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
