Reuters: Oddly Enough: Swingers' hotel? German firm's expense claims laid bare

Reuters: Oddly Enough Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Swingers' hotel? German firm's expense claims laid bare Oct 1st 2012, 19:06 BERLIN | Mon Oct 1, 2012 3:06pm EDT BERLIN (Reuters) - A German insurance giant revealed employees put a trip to a swingers' hotel in Jamaica on company expenses when it published the results of an internal audit on a public website. The reputation of Ergo, the primary insurance unit of Munich Re, the world's biggest reinsurer, suffered a blow last year when a German newspaper reported that a subsidiary had hosted a sex party in Budapest in 2007 to reward top employees. On Sunday, Ergo unveiled a website containing details of 12 similar incidents. It showed employees had also charged the company for tickets to a strip club in Estonia. In a statement, Ergo head Torsten Oletzky said the company had decided to publish the results of an internal audit of more than 500 incentive trips in the interests of transparency. "With the published material, you can make your own judgment," Oletzky said.

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