2025-09-24 20:28, act 201.2025-09-24 20:56
publication
2025-09-24 20:28
update
2025-09-24 20:56
The PZU Supervisory Board appointed Bogdan Benczak as a member of the insurer and entrusted him with the function of the president provided that the Polish Financial Supervision Authority was performed – he said on Wednesday in the PZU announcement.
“The Management Board of the Universal Insurance Company of the joint -stock company (…) informs that on September 24, 2025, the Company's Supervisory Board adopted a resolution on the establishment of Mr. Bogdan Benczak to the Management Board of PZU SA, entrusting him with the function of the President of the Management Board of PZU SA, provided that the consent of the Polish Financial Supervision Authority was obtained,” was reported in PZU.
The company added that until the CNF consent was obtained, the Supervisory Board entrusted to Benczak to perform the duties of the president “to the extent permissible by relevant provisions.”
According to the announcement, the resolution came into force when the adoption, and the appointment took place from September 25, 2025 for a joint term of office, covering three full financial years 2023-2025.
“The first task for the new president is to stop the company's bleeding”
– The first task for the new president is to stop the company's bleeding and dealing with business basics. In the segment of corporate clients, PZU is doing, but all the detail requires huge work and attention. Costs are also a problem. In the liquidation of damage, which was usually not politically affected, PZU was quite good. Tomasz Tarkowski also manages this area well. PZU has extremely strong competitors – Warta and Uniqa that take away the clients from the company. PZU market shares fall, especially in communication civil liability. Thus, the company becomes less significant for distributors. I am afraid that it will be very difficult – if it is possible – rebuild the market position and it can take at least three years. Very hard work before the company, so I hope that the president was not elected only for the duration of the term of office of this board. I am convinced that it should be longer if anything in PZU is to change for the better – says PB one of the former vice presidents of PZU.
PZU announced that Bogdan Benczak from February 2025 was the managing director of corporate affairs in the PZU Group. He is a legal advisor, a graduate of the Faculty of Law at the University of Warsaw, postgraduate studies at the Academy of Economics in Krakow and MBA managerial studies at the University of Gdańsk. He has many years of experience gained in supervisory and management bodies of companies in Poland and Baltic States.
It has been added that Benczak performed key functions in many entities included in the PZU Group. In the years 2008-2015 he was the president of the PZU Foundation and the director of the Office of Foreign Operations and the PZU Business Bureau (2008-2014). In the years 2010-2014 he was the president of UAB PZU Lietuva, in the years 2009-2017 the president of UAB PZU Lietuva Gyvybes Draudimas, and in the years 2014-2017 President of AAS Balta and at the same time the managing director for foreign operations at PZU SA. In 2015-2017 he was a member of the board of AB Lietuvos Draudimas.
“Then, in 2018-2022, he was a member of the board and president of Ergo Insurance SE / Ergo Life Insurance SE. From 2023 to 2024 he was the general director at ADB Gjensidige Lietuva. He is also a member of the supervisory boards of PZU Health, the Polish National Foundation and the chairman of the supervisory boards of AB» Lietuvos Draudimas « »PZU Lietuva Gyvybes Draudimas«, Prjsc IC PZU Ukraine and Prjsc IC PZU Ukraine Life Insurance ” – indicated in the communiqué.
PZU is the largest insurer in Poland. It controls over 1/3 of the market. The Capital Group of the Universal Insurance Company is the largest financial institution in Poland and Central and Eastern Europe. The group is headed by PZU – the company has been listed on the Warsaw Stock Exchange since 2010. The group includes, among others: PZU Życie SA, Link4 TU SA, TUW PZUW, Alior Bank SA, Bank Pekao SA. The group manages about PLN 300 billion of assets and provides services to approx. 22 million clients in five countries. The State Treasury in PZU has 34.19 percent action. (PAP)
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