Viridium

Viridium Holding AG
legal form	Corporation
founding	2013
Seat	Neu-Isenburg , Germany
management	Heinz-Peter Roß ( CEO ), Markus Eschbach, Falko Loy, Michael Sattler, Martin Setzer; Rolf-Peter Hoenen , ( Chairman of the Supervisory Board );
Number of employees	720
sales	EUR 1,031.8 million
Branch	Insurance
Website	www.viridium-gruppe.com
	Status: 2018

Viridium Holding AG , based in Neu-Isenburg, manages and handles old life insurance portfolios (so-called run-offs ).

Business areas

The Viridium Insurance Group is a provider of life insurance portfolio management . Viridium acquires life insurance companies and portfolios that are closed for new business and focuses solely on managing the contracts and continuing them over the entire term. The business model of continuing insurance portfolios is also known as run-off .

history

Heidelberger Leben Group

The Viridium Group was founded in 2013 by a joint venture between Cinven and Hannover Re , and structured according to the holding principle, and initially appeared as the Heidelberger Leben Group ; the name goes back to the first company acquired, Heidelberger Lebensversicherung .

The company completed the acquisition of Skandia Lebensversicherung AG in October 2014. Skandia Lebensversicherung AG operates in Germany and Austria.

Viridium group

Since October 2016, the group has been operating under the name Viridium Group in order to avoid confusion resulting from the name identity and to emphasize the independence of the business model as an inventory manager.

In August 2017, the Viridium Group acquired Entis Lebensversicherung AG from Protektor Lebensversicherungs-AG, which looks after around 85,000 life insurance contracts from the former Mannheimer Lebensversicherung AG.

With effect from April 30, 2019, the Viridium Group completed the majority acquisition (89.9%) of Generali Lebensversicherung AG from Generali Versicherungen . With the takeover, Viridium expanded its position in this market segment in Germany. The transaction was preceded by an extensive owner control procedure by the Federal Financial Supervisory Authority (BaFin) . In September 2019, the Viridium Group confirmed the sale of a real estate portfolio from the fixed assets of Generali Lebensversicherung AG (Generali Leben) to Commerz Real . In October 2019, Generali Lebensversicherung AG was renamed Proxalto Lebensversicherung AG.

Corporate structure

The following portfolio companies belong to the Viridium Group (as of May 2019):

Entis Lebensversicherung AG, Mannheim
Proxalto Lebensversicherung AG (formerly Generali Lebensversicherung AG), Hamburg
Heidelberger Lebensversicherung AG, Heidelberg
Skandia Lebensversicherung AG in Germany, Berlin

As of the end of 2018, the portfolio companies of the Viridium Group together manage assets of around 60 billion euros in over 4.5 million insurance contracts.

owner

The shareholders of the Viridium Group are the international holding company Cinven , the reinsurance group Hannover Re and the primary insurance group Generali .

Web links

Individual evidence

↑ ^a ^b company. In: www.viridium-gruppe.com. Retrieved January 22, 2020 .
↑ Group Annual Report 2018. In: viridium-gruppe.com. Retrieved February 26, 2020 .
↑ HEIDELBERGER LEBEN GRUPPE COMPLETES ACQUISITION OF LIFE INSURANCE BUSINESS OF SKANDIA IN GERMANY AND AUSTRIA. In: viridium-gruppe.com. October 1, 2014, accessed February 26, 2020 .
↑ Life insurer: Sale of Generali Leben to Viridium is complete. In: www.handelsblatt.com. April 30, 2019, accessed January 22, 2020 .
↑ Acquisition of Generali life insurance completed. In: www.viridium-gruppe.com. April 30, 2019, accessed January 22, 2020 .
↑ Generali Lebensversicherung AG: Owner control procedure completed. In: www.bafin.de. April 9, 2019, accessed January 22, 2020 .
↑ GENERALI LEBEN'S REAL ESTATE PORTFOLIO IS SOLD TO COMMERZ REAL. In: viridium-gruppe.com. September 27, 2019, accessed February 26, 2020 .
↑ GENERALI LIFE BECOMES PROXALTO. In: viridium-gruppe.com. July 28, 2019, accessed February 26, 2020 .

[Unternehmen-1] company. In: www.viridium-gruppe.com. Retrieved January 22, 2020 .

[2] Group Annual Report 2018. In: viridium-gruppe.com. Retrieved February 26, 2020 .

[3] HEIDELBERGER LEBEN GRUPPE COMPLETES ACQUISITION OF LIFE INSURANCE BUSINESS OF SKANDIA IN GERMANY AND AUSTRIA. In: viridium-gruppe.com. October 1, 2014, accessed February 26, 2020 .

[4] Life insurer: Sale of Generali Leben to Viridium is complete. In: www.handelsblatt.com. April 30, 2019, accessed January 22, 2020 .

[5] Acquisition of Generali life insurance completed. In: www.viridium-gruppe.com. April 30, 2019, accessed January 22, 2020 .

[6] Generali Lebensversicherung AG: Owner control procedure completed. In: www.bafin.de. April 9, 2019, accessed January 22, 2020 .

[7] GENERALI LEBEN'S REAL ESTATE PORTFOLIO IS SOLD TO COMMERZ REAL. In: viridium-gruppe.com. September 27, 2019, accessed February 26, 2020 .

[8] GENERALI LIFE BECOMES PROXALTO. In: viridium-gruppe.com. July 28, 2019, accessed February 26, 2020 .