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.
Forecasters Warn of ‘Potentially Catastrophic’ Storm From Texas to the Carolinas 
Insurtech Lemonade Starts Autonomous Car Product With Tesla’s Data 
Grandson Not Covered Under Grandma’s Home Insurance 
LA Fire Survivors Got a Rude Surprise That Could Hit More Americans 
