Having worked for Hamburger Internationale Rückversicherung AG (HIR) for over 31 years, last as a board member, Holger Hussmann retired as per 31 December 2009. With the effect of 1 January 2010 Dr. Hubertus Labes became his successor. Dr. Labes was also appointed as a board member of Chiltington International Holding GmbH. He joined the HIR/Chiltington in 1997 and acted as managing director of Chiltington International GmbH since 2004.