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Home > Company Index > Insurance > Multiline Insurance > ERGO Versicherungsgruppe AG

ERGO Versicherungsgruppe AG
 PROFILE
European insurers are following their American cousins down the road to consolidation. ERGO Versicherungsgruppe is comprised of four major German insurers: VICTORIA (individual and commercial casualty and life), Hamburg-Mannheimer (individual and group life and accident), DKV (a leading private health insurer), and D.A.S. (a legal expenses insurer). All serve individuals and small to midsized businesses, and all remain autonomous. This organizational structure allows the companies to cross-sell their products and expand in the integrated European market. Munich Re owns nearly 63% of ERGO; the two companies have formed a joint venture, MEAG MUNICH ERGO AssetManagement, which provides financial services.

 COMPETITION
AEGON N.V. (AEG)
AMB Aachener und Münchener Beteiligungs AG (AMB)
Allianz AG (AZ)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 17,553.10
1-Yr. Sales Growth: 9.8%
Employees: 27,489
Revenue per employee: $638,549.97

 KEY PEOPLE
• Lothar Meyer
    CEO
• Franz W. Hopp
    CFO

 CONTACT INFO
Victoriaplatz 2
40198 Düsseldorf, Germany
Phone: 49-211-49-37-0
Fax: 49-211-49-37-15-11
Online: Web Site

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