The sale of German reinsurer Gerling isn’t going according to plan, with the sales efforts of owner Rolf Gerling and Deutsche Bank reportedly coming unstuck. Now CEO Bjorn Jansli has been told to find one or several buyers for the insurance company and the less successful Gerling Life.

Uncertainty over exposures is said to be the main reason for the sluggish response. Mr Jansli, who succeeded Heinrich Focke as CEO several weeks ago, is understood to be concentrating on the sale of loss-making reinsurer Gerling Global Re – if the German regulator will let it happen.

Media reports from Europe said market-leading credit insurer Gerling NCM will be sold to Swiss Re, which already owns 25%. Gerling operations in Australia are in run-off.