Zurich Group Germany
| Zurich Beteiligungs-Aktiengesellschaft (Germany)
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1875 |
| Seat |
Frankfurt am Main Germany
|
| management | Carsten Schildknecht ( CEO ) |
| Number of employees | approx. 4600 (2018) |
| sales | approx. 5.5 billion euros (2018) |
| Branch | Insurance |
| Website | www.zurich.de |
The Zurich Group Germany is an insurance company in Germany and part of the global Zurich Insurance Group . Today it is one of the 10 largest insurance companies in Germany (2014). Zurich is the most important provider in the area of fund-based old-age provision, products for the protection of biometric risks and works closely with the Deutsche Bank subsidiary DWS Investments in the design of its fund-based life insurance products .
history
The Zurich Group Germany was founded in 1875 when the Swiss parent company founded its first branch in Germany, from which business with Poland and Russia was also developed. Agrippina-Versicherung , which was later taken over by the Zurich Insurance Group, began its business operations as early as 1844, making it the oldest forerunner in the German group. In 1922, Zurich founded Vita Lebensversicherung AG in Switzerland , which later also operates in Germany. In 1923 , two further insurers were founded: Goldmark Lebensversicherungsbank , which was renamed Agrippina Lebensversicherungsbank the following year and later Agrippina Lebensversicherung , and Deutsche Allgemeine Versicherung , which was taken over by Zurich five years later.
Due to the political situation after the Second World War , Zurich moved the headquarters of the German branch from Berlin to Frankfurt am Main in 1949. There the company founded a subsidiary for surety insurance in 1967, two years later Zurich took over the majority of the shares in Agrippina-Versicherung, based in Cologne. In 1974 with the creation of Agrippina-Zürich Rechtsschutzversicherung AG and in 1990 with Zürich International Versicherung as a specialist for international industrial customers, further new subsidiaries were founded.
After Vita Lebensversicherung AG was renamed Zurich Life Insurance Company in 1993, Zurich and Agrippina, which had been active until then, were merged to form Zurich Agrippina in 1995 . From 1998, the group was also active in this line of business with Zurich Agrippina health insurance . At the turn of the millennium, the group finally unified the sales and brands of Agrippina and Zurich to form Zurich Agrippina and established this under the new holding name of Zurich Beteiligungs AG .
In the following years, Zurich grew through acquisitions. First, in 2001 the company acquired Neckura Versicherungen from the US insurance company Nationwide Mutual Insurance Company , with which Zurich expanded its position in the German motor vehicle insurance market in particular by merging the Neckura subsidiaries Auto Direkt and Sun Direct with the direct insurer DA Direkt Versicherung . In autumn 2001, Zurich Group Germany acquired the insurance group Deutscher Herold, founded in 1922, from Deutsche Bank with effect from May 2002 . With retroactive effect from January 1, 2006, the former companies Patria AG and Deutscher Herold Allgemeine Versicherung AG were integrated into Zurich Versicherung AG on October 13, 2006. Zürich Lebensversicherung AG and Deutscher Herold Lebensversicherung AG were transferred to the newly created Zurich Deutscher Herold Lebensversicherung AG. The Zurich Deutscher Herold sales brand was retained. The Zurich Group Germany has offices in Cologne and Frankfurt am Main .
The following insurance companies are part of the Zurich Group Germany (ZGD):
- Zurich Beteiligungs-AG (Holding)
- Zurich Insurance Plc, branch for Germany
- Zurich Deutscher Herold Lebensversicherung AG
- DA Direkt Deutsche Allgemeine Versicherung AG
- German Pension Fund AG
- Real Garant Versicherung AG
See also
Web links
Individual evidence
- ↑ [1]
- ↑ Our group introduces itself. Zurich Group Germany, November 8, 2019, accessed November 8, 2019 .