VHV Group

[4][5] VHV Group owns a network of subsidiaries, branches (e.g. Hamburg, Munich, Berlin, Cologne) and representative offices with a total staff of roughly 4,000, including 2,400 employees in Hanover.

Today VHV is the market leader in the field of construction and is also known as an insurer of major projects such as the Elbphilharmonie, Düsseldorf Stadtbahn or the Reichstag building.

In 1991, VHV successfully established the guarantee service, which in particular allows clients of the construction industry to increase their financial scope.

VHV solutions is the central service company of the group and is responsible for claims settlement and contract handling.

In order to enter the direct insurance market, the Hannoversche Direktversicherung AG, was founded and since autumn 2007, it has also been selling motor vehicle products especially via internet.

In 2007, VHV also founded the Al Ahli Takaful Company in Jeddah City, Saudi Arabia, as a joint venture with the National Commercial Bank and the FWU.

[17] In addition, a stake of 7.4 percent was acquired in the Swiss insurance company Nationale Suisse in 2008, which was the basis for a long-term cooperation.

Since 2009 the VHV has strengthened its internationalization tendencies in order to reduce its dependency on the German insurance market.

[19] Since 2012 VHV Group has had a liaison office in Turkey for 3 years, which has resulted in experience and overview regarding Turkish insurance market.

In 2015 VHV-Group founded a reinsurance company, VHV Reasürans AŞ, in Istanbul to enter the Turkish insurance market.

The main subsidiaries of the group include: VHV holds a 34.02 per cent stake as a shareholder in NRV Rechtsschutz AG, located in Mannheim, which primarily offers legal expenses insurances.

[40] Since December 1, 2014 a VHV Foundation promotes projects in the fields of education, integration, culture and science.

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