Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft (DB:MUV2) (Munich Re) has no plans to sell ERGO Group AG, and aims to strengthen the business through acquisitions once its turnaround has been completed in two years, Munich Re’s Chief Executive Officer, Joachim Wenning said. “Ergo is part of the Group. Period,” Wenning said at the annual news conference of the world’s largest reinsurer. “In Ergo’s target markets, we can imagine acquisitions on a very material scale.” But before embarking on such acquisitions, Ergo needs to regain its competitiveness, which it aims to do partly by cutting 2,100 jobs over the next two years.