Organisation

The Viridium Group was founded by a joint venture of Cinven and Hannover Re in 2013/2014 and structured after the holding principle.

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


Port­fo­lio com­pa­nies and port­fo­lio man­age­ment

At present (December 2020), the Viridium Group has four portfolio companies: Heidelberger Lebensversicherung AG, Skandia Lebensversicherung AG in Germany, Entis Lebensversicherung AG and Proxalto Lebensversicherung AG. The operational aspects of the portfolio management services for policy holders and business partners, in particular the sales organisations and brokers serving customers, are rendered by service companies.

Third-party administration services – now provided on behalf of Scottish Widows – are carried out by Heidelberger Leben Service Management GmbH (HLSM). HLSM serves Scottish Widows 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 international private equity firm, founded in 1977 and focused on building world-class European and global companies. Its funds have invested in over 130 companies. Cinven has more than 80 investment professionals and more than 160 staff across its global offices. It has a strong performance history in Germany. Its funds have acquired more than 50 companies in the DACH region. Cinven takes a responsible approach towards its portfolio companies, local communities, the environment and society.

Hannover Re, with premium volumes of over EUR 24 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 3,000 staff. Established in 1966, the Hannover Re Group today has a network of more than 150 subsidiaries, branches and representative offices worldwide.

Generali

Generali in Germany is the second-largest primary insurance group in the German market and part of the international Generali Group, one of the most important players in the global insurance industry. In almost 200 years Generali has built up a multinational group which is represented in more than 50 countries and comprises more than 400 companies as well as 71,000 employees.


Su­per­vi­sory Board

The Viridium Group Supervisory Board has six members and is headed by Rolf-Peter Hoenen (Chairman). Until the middle of 2009 Rolf-Peter Hoenen spent several years as the spokesman of the management board of HUK-Coburg Versicherungsgruppe and was president of the German Insurance Association (GDV) from November 2008 to November 2012.