Provincial Rhineland
| Provincial Rhineland AG
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| legal form | Corporation |
| founding | January 5, 1836 |
| Seat | Dusseldorf |
| management | Patric Fedlmeier ( CEO ) |
| Number of employees | Back office: approx. 2,000, field service: approx. 2,600 |
| Branch | Insurance |
| Website | www.provinzial.com |
The provincial Rheinland is a German public insurance company based in Dusseldorf . It unites the following individual companies:
- Provinzial Rheinland Holding, an institution under public law
- Provincial Rhineland Insurance AG
- Provincial Rhineland Life Insurance AG
- Sparkassen DirektVersicherung AG
- Lippische Landes-Brandversicherungsanstalt
- PLB Provinzial-Leben-Baubetreuungs GmbH
- ProTect Versicherung AG
- proefa GmbH
- City Service GmbH
The Düsseldorfer Provinzial Versicherung belongs to the Sparkassen-Finanzgruppe and is active as a regional provider in the administrative districts of Düsseldorf, Cologne, Trier and Koblenz. It insures private customers in the areas of car, liability, home contents and residential building insurance. Customers also include companies from industry, trade and services as well as local authorities. In 2009, Provinzial Rheinland had around 5.8 million insurance contracts, including 4.5 million in property / casualty insurance and over 1.2 million in life insurance. This results in total gross premium income of € 2,254 million. Provincial Rhineland has around 650 branches with around 2,600 employees (as of 2009).
history
It was founded by decree by King Friedrich Wilhelm III. on January 5, 1836 in Koblenz , the official seat of the Upper President of the Prussian Rhine Province , as "Provinzial Feuersocietät". With the establishment of the Provinzial, the two Rhenish fire firms "Bergische Feuer Assekuranz" and "Koblenz-Trierische Brandversicherungsanstalt", which had been founded in 1722, were merged. This marked the end of the economic reform in the Prussian state. The reason for the establishment was the financial relief of Prussia. At the same time, the residents of the Rhine Province should be granted effective insurance cover in the event of fire damage. At first only real estate was insured, only 30 years later movable property of all kinds followed. Georg Freiherr von Hauer became the first director .
The head office of the insurance company was relocated to Düsseldorf in 1875. The name of the insurance was changed in 1903 to "Provinzial Feuerversicherungsanstalt der Rheinprovinz". As a result, the principle of reciprocity was abandoned and replaced by the provincial association as guarantor . The cooperation with the savings banks followed in 1908 in order to be able to broker mortgages and in return take out building insurance. The Provincial Landtag in Düsseldorf decided in 1914 to found the "Provincial Life Insurance Institution of the Rhine Province". The business with composite insurance such as accident and car liability insurance was started in 1924.
The headquarters building was destroyed in the Second World War. After the war, business operations could be resumed in 1946. The legal successor of the Rhine Province as guarantor was initially the newly founded state of North Rhine-Westphalia , followed in 1953 by the Rhineland Regional Council . The business area extended over two occupation zones . In 1957, the state of Rhineland-Palatinate also followed as guarantor.
On May 5, 1995, the company moved into new corporate headquarters in the south of Düsseldorf. A new statute came into effect on August 26, 1997. The Rheinische Sparkassen- und Giroverband with 34%, the Sparkassenverband Rheinland-Pfalz with 33 1/3% and the Landschaftsverband Rheinland with 32 2/3% became the new guarantors of the insurance company. In order to illustrate the close partnership with the savings banks, the company has since been labeled "Insurance of the savings banks".
Merger efforts with the Provinzial NordWest
On September 4, 2018, the shareholders of Provinzial NordWest and Provinzial Rheinland made a joint declaration on a possible merger. According to a concept paper known as the Memorandum of Understandig , which will shortly be submitted to the committees for resolution, Münster is intended to be the headquarters of the joint holding company, the merged property and accident insurer will be based in Düsseldorf, and the Provinzial Nord Brandkasse will be located in Kiel and the Group's merged life insurer will operate the insurance business. The merger is to take place in the course of 2019, with retroactive effect from January 1. [outdated]
Web links
Individual evidence
- ^ Joint statement by the shareholders of Provinzial Rheinland Insurance and the Provinzial NordWest Group , accessed on September 4, 2018
Coordinates: 51 ° 11 ′ 46.2 " N , 6 ° 48 ′ 42.4" E