BERLIN (AP) — A German insurance company says it organized an orgy with prostitutes in a renowned Hungarian spa to reward its best salesmen.

A spokesman for Ergo Insurance said Thursday one of its subsidiaries had organized the party in Budapest's art nouveau Gellert Baths in a clear violation of the company's values.

Alexander Becker said about 100 of the company's best salesmen had been invited to the orgy, which featured numerous scantily clad hostesses and about 20 prostitutes.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.