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Munich Re Subsidiary Is Sorry About The Color-Coded Sex Parties

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Last month it was reported that in 2007, executives with Munich Re subsidiary Ergo Versicherungsgruppe came up with the idea to throw a party for top performing sales executives at a bathhouse, featuring a bunch of prostitutes for their consumption. Because such events have the potential to devolve into mass chaos, with buyers and sellers running amok and no one knowing who’s down for what, the Germans had the bright idea to keep order via color-coding. Each hooker would wear an armband, with yellow indicating “available for sexual favors,” red indicating that she was a hostess and white indicating that she was “reserved for executives and top agents.” Additionally, the girls also received a “stamp” following each visit to one of the curtained canopied beds, so party-goers could know how many times she’d been “frequented.” When the story came out, a spokesman for the company said in a statement that incentive trips for successful salespeople “definitely don’t usually proceed the way it’s described.” Since then, current and former employees have countered that that's actually exactly how they usually proceed and were going to keep proceeding, until Ergo ruined everyone's good time by banning them indefinitely. On top of that, the company has now gone and taken out a full-page ad that includes an apology for the "mistakes" made by both the firm and the participants.

"When people make mistakes they say sorry. When firms make mistakes they do something about it. That's why we are doing both," the advert from Ergo, part of the Munich Re group, said. "We are working intensively on clearing up these allegations. We are taking far-reaching measures to make sure that mistakes like this don't happen again," it added.

Never forget.

German insurer apologises for sex trip [Herald Sun]