Organisation

The Viridium Group was founded by a joint venture of Cinven and Hannover Re as Heidelberger Leben Group in 2014 and structured after the holding principle.

The key purchasing and integration processes crucial to the success of the business model of the modern portfolio consolidator and the central management support and control units are positioned in the Group. To clearly separate the group functions, on the one hand, and the portfolio companies, on the other, the Group acquired an independent market identity in October 2016: Viridium Group.


Life insurance com­pa­nies and port­fo­lio man­age­ment

At present, the Viridium Group has four life insurance companies: Heidelberger Lebensversicherung AG, Skandia Lebensversicherung AG in Germany, Entis Lebensversicherung AG and Proxalto Lebensversicherung AG. Portfolio management services for policyholders and business partners, in particular the sales organisations and brokers serving customers, are provided by own service companies.

Third-party administration services – now provided on behalf of Scottish Widows Europe S.A. – are carried out by LV Bestandsservice serving Scottish Widows Europe S.A. policy holders in Germany and Austria.


SIM­PLI­FIED COR­PO­RATE STRU­CURE


Share­hold­ers

The Viridium Group was formed in 2013/2014 in the course of the acquisition of Heidelberger Lebensversicherung AG, which was part of Lloyds Banking Group, by a joint venture of Cinven and Hannover Re.

Cinven is a leading European Private Equity firm focused on leveraging its expertise to build world class companies. Founded in 1977, Cinven has invested in ca. 150 companies and has more than 250 staff across its international offices, including more than 130 investment professionals. Cinven is one of the most active and successful investors in Germany and the wider DACH region, with a strong track record of performance. Cinven takes a responsible approach towards its portfolio companies, local communities, the environment and society.

Hannover Re, with gross premium of more than EUR 33 billion, is the third-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with more than 3,500 staff. Established in 1966, the Hannover Re Group today has a network of more than 170 subsidiaries, branches and representative offices worldwide.

Generali

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 81.5 billion in 2022. With 82,000 employees serving 68 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. In Germany Generali is one of the leading primary insurance groups with premium income of around € 14.9 billion and more than 9 million customers. As part of the international Generali Group, Generali operates in Germany with the brands Generali, CosmosDirekt and Dialog in the life, health and property/casualty segments. Generali Germany is part of the business unit "Germany, Austria and Switzerland" (DACH), which was newly created in 2022. With around € 19.6 billion in premium income and more than 12 million customers, the new business unit of the Generali Group is one of the leading primary insurance groups in Germany, Austria and Switzerland.


Su­per­vi­sory Board

The Supervisory Board of Viridium Holding AG consists of eight members. Since May 2024, Rolf-Peter Hoenen is Chairman of the Supervisory Board.