Neckura
| Neckura Neckermann Insurance AG
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1964 |
| resolution | 2002 |
| Reason for dissolution | Merger with Zurich companies |
| Seat | Oberursel |
| Branch | Insurance |
The Neckura Neckermann Versicherungs-AG was a German insurance group with headquarters in Oberursel . The company operated both life and composite insurance business, with a focus on motor vehicle liability insurance . In the summer of 2002, the individual insurance companies were merged into different companies in the Zurich Group Germany .
History and background
Neckura Insurance was founded in 1964 in cooperation between the Neckermann mail order company and the US insurance company Nationwide Mutual Insurance Company . After Neckermann ran into problems in the 1970s and was finally taken over by Karstadt , the new owner separated from some subsidiaries. In this context, Neckura Insurance went to the then cooperation partner in 1975 as a wholly owned subsidiary. Under the direction of Nationwide Mutual Insurance Company, the company expanded its direct sales of auto insurance in particular . However, this remained without resounding success, so that from spring 2001 the parent company started looking for a buyer for Neckura insurance. In August 2001, Zurich took over the company, which merged the individual companies into its various subsidiaries by means of a merger agreement of June 2002. Auto Direkt , in particular , was merged with the direct insurer DA Direkt Versicherung , which took over the company headquarters in Oberursel.
Societies
At the time of the merger, the following companies existed below the parent company Neckura Neckermann Versicherungs-AG as the parent company of the insurance group:
- Neckura Lebensversicherungs-AG (founded 1973)
- Pionier Autoversicherungs AG (founded 1981)
- Auto Direkt Versicherungs-AG (founded 1982)
- Leben Direkt Versicherungs-AG
- Sun Direct Insurance AG
Financial data
In the last consolidated financial statements before the merger, Neckura Versicherungs-AG, as the largest company in the group, generated gross booked income of 137.8 million euros and gross premium income booked in direct business of 81.6 million euros. At Neckura Lebensversicherungs-AG there were 45.7 million euros in regular premiums and 0.12 million single premiums. Throughout the group, 305.2 million euros in premiums were booked, the number of contracts amounted to 1.086 million.
Individual evidence
- ↑ Neckura Group is to be sold. Retrieved August 30, 2012 .
- ↑ a b "Neckura Group: Integration into Zurich Group due to a lack of competitive size - double-digit growth in 2001 - almost 10 percent cancellation at Neckura Leben - property insurance business deficit" - Article from the insurance industry 17/2002, p. 1368