FATCA Global Intermediary Identification Number (GIIN): GMPXWL.00000.LE.040For more information on FATCA, see Compliance. W-8BEN-E forms for all UNIQA companies can be downloaded here. Legal form: AktiengesellschaftRegistered office: in ViennaCommercial register number: 92933tCommercial register court: Handelsgericht WienUID: ATU 15363103 In December 1903, a group of German industrial entrepreneurs founded a new organization to cover their liability insurance needs. The Haftpflichtverband der Deutschen Eisen- und Stahlindustrie, founded in Frankfurt am Main, was not an insurance company like any other. According to German insurance law, the Haftpflichtverband had the legal form of a non-profit-making association, a “mutual insurance society”, or V.a.G. This meant that its members were both the insured and the insurers, who jointly determined their insurance needs and the policies and terms of their coverage. Such a new entity was unknown in the world of commercial liability insurance, dominated by private insurance companies. However, the birth of the association of responsibility did not come out of nowhere. Please report your traffic by updating your user agent to include company-specific information.
Unauthorized attempts to upload information and/or alter information to any portion of this website are strictly prohibited and liable to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see 18 U.S.C. §§ 1001 and 1030). The merger brought HDI closer to Germany`s largest insurance group. In the 1970s and early 1980s, the company intensified its cooperation with Hannoversche Leben, a Hanover-based life insurer with the same legal form as HDI. The reinsurer of the fire damage association, Aktiengesellschaft für Transport- und Rückversicherung, was renamed Hannover Re (Hannover Re) in 1976. A year later, HDI founded Hannover Rechtsschutz-Versicherungs-AG, together with Hannoversche Leben, a new legal expenses insurance subsidiary, which was taken over by HDI in 1981. Hannover Allgemeine Versicherungs-AG, a subsidiary of Hannover Re, began operations in 1980. As a result of this expansion, HDI doubled its premium revenues between 1993 and 1999. However, a large number of claims and high investments in the company`s new businesses resulted in a loss in 2000 and 2001. Although HDI retained the legal form of a mutual insurance company, the company made significant changes at the lower levels of its organization.
In 1996, a new holding company, HDI Beteiligung AG, was founded as the management holding company for most of HDI`s activities. This allowed the company to raise funds in the global financial markets to fund its rapid expansion. In 2000, HDI announced its intention to market its stake, which has since been renamed Talanx AG, in 2004 and 2005 respectively. In 2001, the company divested itself of its insurance business for private customers, which were transferred to the new company HDI Privat Versicherung AG, a subsidiary of Talanx. HDI has once again focused on its core business with industrial customers. In mid-2002, HDI`s management saw growth opportunities in the areas of occupational pensions, international life insurance, financial services and possibly the takeover of Gerling Global Rück, the reinsurance division of one of HDI`s main competitors, which was put up for sale in the summer of 2002. In order to strengthen the company`s financial base, HDI also plans to offer an additional 20% of Hannover Re`s shares for sale on favourable trading terms. Note that this policy may change as the SEC maintains SEC.gov to ensure that the site works efficiently and remains available to all users. From the mid-1990s, HDI expanded significantly and focused on new businesses in direct life insurance and international growth. In 1996, the company acquired Citibank`s German insurance subsidiaries, including a direct life insurer and an accident insurer. These were organized in a new subsidiary, CiV Versicherung AG, and continued to sell their policies in Citibank branches.
In the same year, HDI acquired life insurer Transatlantische Lebensversicherung AG from British Lloyds Abbey Life, which was renamed Aspecta Lebensversicherung AG. Other acquisitions included Italian insurer BNC Assicurazioni S.p.A., Brazil`s Hanover Paulista Seguros S.A. and Swedish insurer Skandia in 1997, followed by specialty insurer Claredon Insurance Group in the United States in 1998. This year, HDI also signed an agreement with one of Germany`s leading retail banks, the banking division of privatized Deutsche Postbank AG, for the sale of life and accident insurance in Postbank`s extensive branch network in German post offices. The two joint ventures PB Lebensversicherung and PB Versicherung AG started operations in 1999. In the same year, HDI`s proposed merger with HUK-Coburg, Germany`s second largest car insurer with the same legal form as HDI, was rejected by HUK members` representatives. By using this website, you consent to security monitoring and auditing. For security reasons and to ensure that the public service remains accessible to users, this government computer system uses network traffic monitoring programs to identify unauthorized attempts, upload or modify information, or otherwise cause damage, including attempts to deny service to users. 1. The undertaking carries on both direct and reinsurance activities and all related activities if the insurance supervisory authority has given its consent.2. The objectives of the company are also (taking into account § 3 para.
3 Insurance Supervision Act):a) participation in other enterprises;b) insurance mediation;c) brokering of mortgage and personal loans and purchase and sale of securities, if these activities are related to the conclusion and brokerage of insurance transactions;d) brokering of loans from construction companies; (e) automatic data-processing and information technology services; (f) the establishment and operation of organisational arrangements for insurance undertakings which have signed a cooperation agreement with the undertaking and for all affiliated undertakings; (g) the performance of administrative tasks for companies related to the company of a group; (h) the assignment of employees to companies in which the Société has a direct or indirect interest and which provide services to the Société or its affiliates. While HDI`s national organization grew, the business climate in Germany reversed completely after the October 1973 oil shock, when oil prices soared after oil-producing Arab countries sharply cut production. It took a decade for the German economy to recover and exert strong pressure on the industrial insurance market, especially fire insurance. As environmental protection and resource conservation became a new paradigm, the risks of technological progress were considered more critically. The insurance industry has also been confronted with the calculation of previously unknown risks, such as nuclear power plants. These new risks had to be calculated and translated into new insurance policies. Another novelty in the field of liability insurance was the manufacturer`s responsibility for the quality and performance of its products, introduced in 1976. In the 1980s, disaster risk reduction became increasingly important. In addition, HDI has founded several consulting firms that advise clients on safety issues related to fire safety, fleet safety and pollution prevention.
Overall, the number of HDI affiliates increased from four in the late 1970s to 22 in 1989. Prosperity for All, a book written by the new Economy Minister Ludwig Erhard in the 1950s, became the vision of the post-war generation.
