Even in Germany, where he submitted an application for insolvency to the Munich court after about 40 years of activity, people wonder who he is Manfred Dirrheimer. The founder of the group FWUGerman holding company, two insurance companies controlled by one of the Luxembourgthe rest of the Austria, does not leave many traces of himself and his online activity. Local newspapers are trying to investigate the life of this businessman who describes himself as a former university professor who left teaching to found an insurance group. And what to Italy he still convinces 100,000 people to take out his life insurance policies, which promise a capital guarantee.
University teacher with a passion for Ferrari
Dirrheimer, 72, apparently graduated from the University of Constance in 1977 and taught at the university of Dallas. Manfred Dirrheimer is regarded in Germany as a self-made man who in 40 years built from nothing a company worth 1 billion euros. The businessman, who often allows himself to be photographed by professional photographers in colorful suits (intense yellow), seems to be fond of supercars, starting with Ferrari. Now he faces the failure of his insurance project, FWU.
Too much debt
FWU AG, the holding company of the Dirrheimer Group based in Grünwald (Munich), declared insolvency on July 19 due to excessive debt. The parent company in Germany took the books to court because it did not have enough funds to be asked by the Luxembourg Auhority CAA to request additional capital to protect customers with older contracts. The supervisory authorities have imposed a block on the redemption of the policies. (All rights reserved)