R+V Versicherung AG Annual Report
R+V Versicherung AG Annual Report
R+V Versicherung AG Annual Report
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Shareholder structure<br />
As of the balance sheet date, shares in<br />
<strong>R+V</strong> <strong>Versicherung</strong> <strong>AG</strong> were held indirectly<br />
or directly by the following shareholders<br />
belonging to the union of cooperative<br />
banks:<br />
– DZ BANK <strong>AG</strong> Deutsche Zentral-<br />
Genossenschaftsbank, Frankfurt/Main<br />
– WGZ-Bank Westdeutsche<br />
Genossenschafts-Zentralbank eG,<br />
Düsseldorf<br />
– Projekt 7 GmbH, Berlin<br />
– Bayerische Raiffeisen Beteiligungs-<strong>AG</strong>,<br />
Munich<br />
– Beteiligungs-<strong>AG</strong> der Bayerischen<br />
Volksbanken, Munich<br />
– Genossenschaftliche<br />
Beteiligungsgesellschaft Kurhessen <strong>AG</strong>,<br />
Kassel<br />
– Norddeutsche Genossenschaftliche<br />
Beteiligungs-<strong>AG</strong>, Hanover<br />
– 791 branches of Volksbank and<br />
Raiffeisenbank throughout Germany<br />
Related parties<br />
In the report prepared in accordance with<br />
section 312 of the Aktiengesetz (AktG –<br />
German Public Companies Act) on related<br />
parties, the Board of Management declared<br />
that, according to the circumstances known<br />
to it at the time the transactions mentioned<br />
in the report were performed, the Company<br />
received adequate consideration for each<br />
transaction, and that it did not take or fail to<br />
take any other measures subject to disclosure.<br />
25<br />
New Group structure<br />
In August 2002, the Executive bodies of<br />
<strong>R+V</strong> <strong>Versicherung</strong> <strong>AG</strong>, <strong>R+V</strong> Lebensversicherung<br />
<strong>AG</strong> and <strong>R+V</strong> Allgemeine <strong>Versicherung</strong><br />
<strong>AG</strong> approved a new Group<br />
structure.<br />
The new Group structure will bundle the<br />
operating insurance companies under the<br />
umbrella of two new holding companies. All<br />
interests in the holding companies will be<br />
held by <strong>R+V</strong> <strong>Versicherung</strong> <strong>AG</strong>. <strong>R+V</strong> KOM-<br />
POSIT Holding GmbH holds the interests in<br />
companies in the property and casualty<br />
insurance classes, i.e. <strong>R+V</strong> Allgemeine<br />
<strong>Versicherung</strong> <strong>AG</strong>, <strong>R+V</strong> Rechtsschutzversicherung<br />
<strong>AG</strong>, KRAV<strong>AG</strong>-LOGISTIC<br />
<strong>Versicherung</strong>s-<strong>AG</strong> and KRAV<strong>AG</strong>-ALLGE-<br />
MEINE <strong>Versicherung</strong>s-<strong>AG</strong>. <strong>R+V</strong> Personen<br />
Holding GmbH comprises the business of<br />
<strong>R+V</strong> Lebensversicherung <strong>AG</strong>, <strong>R+V</strong>-Pensionsfonds<br />
<strong>AG</strong> and Krankenversicherung<br />
<strong>AG</strong>. This gives the <strong>R+V</strong> Group a forwardlooking<br />
structure that will pave the way for<br />
strategic activities in the future. Grouping<br />
togerther the operating insurance companies<br />
on a single level under the new holding<br />
companies enables the Group to assign<br />
clear management and performance<br />
responsibility.