Our organisation

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Organisation

Viridium Group at a glance

Viridium Group is a leading life insurance consolidator and one of the five largest life insurers in Germany, with approximately 5 per cent market share. The group comprises four life insurance companies, the reinsurer Viridium Rückversicherung and central service companies.

Structure

Our organisation

Viridium Group is a leading life insurance consolidator and one of the five largest life insurers in Germany, with approximately 5 per cent market share. 

The group comprises four life insurance companies: Proxalto Lebensversicherung, Entis Lebensversicherung, Heidelberger Lebensversicherung and Skandia Lebensversicherung. It also includes the reinsurer Viridium Rückversicherung, which reinsures biometric risks from Viridium’s life insurance companies and serves as the central counterparty for certain external reinsurance contracts. Key services, such as customer services, are centralised in service companies to leverage synergies and achieve economies of scale across the group.

This infographic shows the organizational structure of Viridium Group: Viridium consists of 4 life insurance companies, the reinsurer Viridium Re and service companies.
This infographic shows the organizational structure of Viridium Group: Viridium consists of 4 life insurance companies, the reinsurer Viridium Re and service companies.
History

Development of Viridium

Viridium Group was founded by Cinven and Hannover Re as Heidelberger Leben Group in 2014. That same year, Skandia Lebensversicherung was acquired, followed by Entis Lebensversicherung and Proxalto Lebensversicherung, formerly Generali Leben. To clearly distinguish group functions from the life insurance companies, the group has operated under the name Viridium Group with an independent brand identity since October 2016. As Germany’s leading life insurance consolidator, Viridium manages 3.4 million contracts and EUR 67 billion in assets as of end 2023.

This infographic shows the historical development of Viridium - when the 4 life insurers were acquired by Viridium and how the number of assets under management and contracts has developed.
This infographic shows the historical development of Viridium - when the 4 life insurers were acquired by Viridium and how the number of assets under management and contracts has developed.
Our portfolio

Life insurers

Life insurance companies

Shareholders

The shareholders of Viridium Group are Cinven, a leading European private equity firm, Hannover Re, the world's third-largest reinsurer, and Generali, one of the largest global insurance and asset management providers. 

[Translate to English:] Anteilseigner CINVEN

Cinven

Cinven is a leading, international private equity firm that has been investing for nearly 50 years. The company invests in high-performing businesses with strong potential for growth, across Europe and, since 2015, with a focused presence in North America. Cinven creates value by working closely with portfolio company management teams to achieve clear strategic goals – a partnership approach which consistently drives outstanding performance. Cinven Funds invest across six sectors: Business Services, Consumer, Financial Services, Healthcare, Industrials and TMT, and operate out of 8 offices in Europe and the US.

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Hannover Re

Hannover Re is one of the world’s leading reinsurers. It transacts all lines of property and casualty and life and health reinsurance and is present worldwide with more than 3,500 staff. Established in 1966, Hannover Re is recognised as a reliable partner for innovative risk solutions, exceptional customer intimacy and financial soundness.

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[Translate to English:] Anteilseigner Generali

Generali

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in over 50 countries worldwide, with a total premium income of EUR 82.5 billion in 2023. With almost 82,000 employees serving 70 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 a premium income of EUR 14.8 billion and more than 9 million customers.

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