ERGO International
ERGO International is one of the largest insurance groups in Europe uniting Victoria, DKV, D.A.S., ERV and other companies. In 2010, the brands of Hamburg-Mannheimer and Victoria will be replaced by the ERGO brand, the brand KarstadtQuelle Insurance will be renamed to ERGO Direct Insurance. Insurance companies DKV, D.A.S. and ERV shall retain the same names.
ERGO is the leading company in the area of private health and legal costs insurance in Europe. The principal shareholder of the Group is the largest global reinsurance company Münich Re.
ERGO Group operates in 31 countries of the world and has 40m clients. In 2008, the turnover of the Group amounted to EUR 17.7bn. The international ERGO Group provides jobs to more than 50,000 employees.
The Chairman of the ERGO International is Dr. Torsten Oletzky, and the Group is seated in Düsseldorf, Germany.
The international rating agency Standard&Poors assigned A rating to ERGO Group. This rating is assigned to organisations that guarantee the discharge of their financial liabilities. This rating is a high assessment of stability and trustworthiness.
ERGO Group parent company Münich Re was rated as follows:
A.M. Best A+ (Superior)
Fitch AA– (Very strong)
Moody's Aa3 (Excellent)
Standard&Poors AA– (Very strong)
ERGO Group has its main internet website at www.ergo.com.
VICTORIA was incorporated in 1853 and is one of the oldest insurance companies in Europe. At present it provides life insurance, health insurance and accident insurance as well as reinsurance services. The strength of VICTORIA lies in the insurance of private clients. The Head Office of the Company is in Düsseldorf.
Hamburg-Mannheimer specialises in life insurance and accident insurance sectors. Hamburg-Mannheimer is the second largest insurance company in Germany providing accident insurance services and the third largest German life insurance company. The Head Office of the Company is in Hamburg.
ERGO Group’s company DKV (Deutsche Krankenversicherung) is the largest health insurance company in Europe. DKV was incorporated in 1927 and has its Head Office in Köln. The Company provides a full range of health insurance services, continuously upgrading them and adapting them to the clients’ needs.
D.A.S is the largest company of insurance of legal services in Europe. It was founded in 1928 and is seated in Munich. The Company actively and professionally provides assistance services 24 hrs a day throughout Europe and also has a continuously operating call centre.
MEAG (Munich ERGO Asset Management GmbH) is ERGO company managing financial services. The Company was incorporated in 1999 and has its seat in Munich. MEAG manages investment capital of ERGO and Münchener Rück reinsurance company, and offers investment products to private and business clients.