ERGO Insurance Group
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ERGO Insurance Group
ERGO (ERGO Group) is a group of insurance companies owned by Munich Re. ERGO is one of the largest insurance groups in Europe. It operates in over 30 countries, especially in Europe and Asia. In Europe, ERGO claims to be number 1 in the health and legal expenses insurance segments, and in its home market of Germany it is among the market leaders. It has over 40,000 full-time employees. Main activities ERGO Group is one of the largest German insurance companies. Its activities include life insurance, health insurance, non-life and casualty insurance, legal expenses insurance, travel insurance, and financial services. The main activities of the group focus on private clients, company pension schemes, and medium-sized business. In Europe, ERGO is the first in health and legal expenses insurance; in its home market Germany ERGO claims to belong to the market leaders in all lines of business. The company consists of: * D.A.S. * * ERGO Life Insurance (formerly Hamburg-Mannheimer) ...
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ERGO Kindlustusgrupi Logo
Ergo may refer to: * A Latin word meaning "therefore" as in Cogito ergo sum *'' Ergo (journal)'', an academic journal * A Greek word έργο meaning "work", used as a prefix ergo-, for example, in ergonomics. * Ergometer (rowing), an indoor rowing machine * Campagnolo ErgoPower, in cycling * ''Ergo'' (Indian newspaper) * ''Ergo Proxy'', an anime television series * Ergo, a fictional planet in the '' Star Wars'' franchise * ERGO Group, insurance companies owned by Munich Re * ERGO Baby ERGO Baby, Inc is an American company specializing in the manufacture and sale of Baby sling, baby carriers and other accessories. Ergobaby was founded 2003 by Karin Frost in Maui, Hawaii. Since 2010 Ergobaby is owned by the private equity fund CO ..., a US babycarrier manufacturer * Engelbert Ergo, a Flemish Baroque painter {{disambiguation ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Düsseldorf
Düsseldorf ( , , ; often in English sources; Low Franconian and Ripuarian: ''Düsseldörp'' ; archaic nl, Dusseldorp ) is the capital city of North Rhine-Westphalia, the most populous state of Germany. It is the second-largest city in the state and the seventh-largest city in Germany, with a population of 617,280. Düsseldorf is located at the confluence of two rivers: the Rhine and the Düssel, a small tributary. The ''-dorf'' suffix means "village" in German (English cognate: ''thorp''); its use is unusual for a settlement as large as Düsseldorf. Most of the city lies on the right bank of the Rhine. Düsseldorf lies in the centre of both the Rhine-Ruhr and the Rhineland Metropolitan Region. It neighbours the Cologne Bonn Region to the south and the Ruhr to the north. It is the largest city in the German Low Franconian dialect area (closely related to Dutch). Mercer's 2012 Quality of Living survey ranked Düsseldorf the sixth most livable city in the world. Düsse ...
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Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated between the Baltic and North seas to the north, and the Alps to the south; it covers an area of , with a population of almost 84 million within its 16 constituent states. Germany borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The nation's capital and most populous city is Berlin and its financial centre is Frankfurt; the largest urban area is the Ruhr. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity. A region named Germania was documented before AD 100. In 962, the Kingdom of Germany formed the bulk of the Holy Roman Empire. During the 16th ce ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Reinsurance
Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. With reinsurance, the company passes on ("cedes") some part of its own insurance liabilities to the other insurance company. The company that purchases the reinsurance policy is called a "ceding company" or "cedent" or "cedant" under most arrangements. The company issuing the reinsurance policy is referred to as the "reinsurer". In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes and wildfires. In addition to its basic role in risk management, reinsurance is sometimes used to reduce the ceding company's capital requirements, or for tax mitigation or other purposes. The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. Insurance companies ...
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Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ...
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Munich Re
Munich Re Group or Munich Reinsurance Company (german: Münchener Rück; Münchener Rückversicherungs-Gesellschaft) is a German multinational insurance company based in Munich, Germany. It is one of the world's leading reinsurers. ERGO, a Munich Re subsidiary, is the Group's primary insurance arm. Munich Re's shares are listed on all German stock exchanges and on the Xetra electronic trading system. Munich Re is included in the DAX index at the Frankfurt Stock Exchange, the Euro Stoxx 50, and other indices. History In 1880 Carl von Thieme, a native of Erfurt who was the representative in Bavaria of his father's ''Thuringia'' insurance company, founded in Munich ''Münchener Rückversicherungs-Gesellschaft'' together with Wilhelm von Finck (co-owner of the Merck Finck & Co. bank) and Theodor von Cramer-Klett. This was followed by the founding of Allianz Versicherungs-Gesellschaft in 1890 in Berlin. Carl von Thieme was head of Munich Re until 1921, and Wilhelm von Finck ...
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Victoria Holding AG
Victoria most commonly refers to: * Victoria (Australia), a state of the Commonwealth of Australia * Victoria, British Columbia, provincial capital of British Columbia, Canada * Victoria (mythology), Roman goddess of Victory * Victoria, Seychelles, the capital city of the Seychelles * Queen Victoria (1819–1901), Queen of the United Kingdom (1837–1901), Empress of India (1876–1901) Victoria may also refer to: People * Victoria (name), including a list of people with the name * Princess Victoria (other), several princesses named Victoria * Victoria (Gallic Empire) (died 271), 3rd-century figure in the Gallic Empire * Victoria, Lady Welby (1837–1912), English philosopher of language, musician and artist * Victoria of Baden (1862–1930), queen-consort of Sweden as wife of King Gustaf V * Victoria, Crown Princess of Sweden (born 1977) * Victoria, ring name of wrestler Lisa Marie Varon (born 1971) * Victoria (born 1987), professional name of Song Qian, Chinese sing ...
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Financial Services Companies Established In 1997
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of Production (economics), production, Distribution (economics), distribution, and Consumption (economics), consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in Financial system, financial systems at various scopes, thus the field can be roughly divided into Personal finance, personal, Corporate finance, corporate, and public finance. In a financial system, assets are bought, sold, or traded as Financial instrument, financial instruments, such as Currency, currencies, Loan, loans, Bond (finance), bonds, Share (finance), shares, Stock, stocks, Option (finance), options, Futures contract, futures, etc. Assets can also be Bank, banked, Investment, invested, and Insurance, insured to maximize value and minimize loss. In practice, Financial risk, risks are alway ...
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Insurance Companies Of Germany
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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