Annual Report 2011 - R+V Versicherung

4
Business development and basic conditions
Management Report
Business development and basic
conditions
Business activities
R+V Versicherung AG is the controlling company of the
R+V Consolidated Group. It holds direct and indirect majority
interests in the direct insurance companies of the R+V Consolidated
Group.
R+V Versicherung AG acts as the central reinsurer for the direct
insurance companies belonging to R+V. In addition, it also acts
independently on the international reinsurance market. It
provides reinsurance services worldwide in all classes. The
reinsurance business is primarily conducted from the Head
Office in Wiesbaden. The Group’s interests in South East Asia
are managed by the branch office in Singapore, which was
established in 1997.
Organisation and legal structure
The majority of the directly and indirectly held shares in R+V
Versicherung AG are owned by DZ BANK AG Deutsche Zentral-
Genossenschaftsbank. Additional shares are held by WGZ
BANK AG Westdeutsche Genossenschafts-Zentralbank and
other cooperative associations and institutes. The Board of
Management of R+V Versicherung AG is responsible for the
whole insurance business within the DZ BANK Group.
The R+V Versicherung AG subsidiaries, R+V KOMPOSIT Holding
GmbH and R+V Personen Holding GmbH bundle the holdings
in the subsidiaries in the business segments, property and
accident insurance, and life and health insurance. Moreover,
the service provider subsidiaries are brought together under
R+V Service Holding GmbH.
R+V KOMPOSIT Holding GmbH has direct and indirect holdings
in the following domestic property and accident insurance
companies:
– R+V Allgemeine Versicherung AG
– R+V Direktversicherung AG
– KRAVAG-LOGISTIC Versicherungs-Aktiengesellschaft
– KRAVAG-ALLGEMEINE Versicherungs-Aktiengesellschaft
– Condor Allgemeine Versicherungs-Aktiengesellschaft
– Optima Versicherungs-Aktiengesellschaft
R+V Personen Holding GmbH holds shares directly and indirectly
in the domestic life and health insurance companies of
the R+V Consolidated Group:
– R+V Lebensversicherung AG
– R+V Pensionskasse AG
– R+V Krankenversicherung AG
– R+V Pensionsfonds AG
– R+V Gruppenpensionsfonds AG
– CHEMIE Pensionsfonds AG
– Condor Lebensversicherungs-Aktiengesellschaft
– Optima Pensionskasse Aktiengesellschaft
R+V Service Holding GmbH primarily has holdings in the
following service provider companies:
– R+V Service Center GmbH
– carexpert Kfz-Sachverständigen GmbH
– compertis Beratungsgesellschaft für betriebliches
Vorsorgemanagement GmbH
– GWG Gesellschaft für Wohnungs- und Gewerbebau
Baden-Württemberg AG
– UMB Unternehmens-Managementberatungs GmbH
– R+V Rechtsschutz Schadenregulierungs-GmbH
– Sprint Sanierung GmbH
– HumanProtect Consulting GmbH
The individual financial statements of R+V Versicherung AG
have been prepared in accordance with the provisions of the
German Commercial Code (HGB). In addition, the company
also prepares a consolidated financial statement in accordance
with IFRS.