As a fully-owned subsidiary of DEVK Sach- und HUK-Versicherungsverein a. G. DEVK RE has been providing reinsurance in a range of insurance classes and types since 2002. This includes property and casualty insurance, as well as life insurance. Our main focus is on reinsurance for external companies, operating in Europe, USA and Canada. Likewise, risk transfers from DEVK insurance companies are an element of our business.
Over 130 years ago, on 1 April 1886, the railway workers of the Royal Saxon State Railways in Breslau had an idea: to create a burial fund through which they could provide for their families as a show of solidarity. An association dedicated to providing individuals with collective support developed on the principle of helping people to help themselves. Three years later, in the non-life segment, the fire insurance association ‘Brandversicherungs-Verein Preußischer Staatseisenbahn-Beamten’ was founded in Berlin.
These historical roots have had a critical influence on how we think – and on our understanding of partnership and sustainable growth. In the following eventful decades, these mutual insurance companies evolved into DEVK Lebensversicherungsverein and DEVK Sach- und HUK-Versicherungsverein a. G. in the early 1950s. After various relocations, DEVK acquired an office in Cologne for the first time in 1953. Cologne, the metropolis on the banks of the Rhine, remains the headquarters of the Group to this day.
Member of the Board
Member of the Board
With its subsidiaries and partners, DEVK now offers a full spectrum of financial and insurance products for private customers. Around 3,300 employees work at our current headquarter in Cologne and our 19 regional offices. Working in close partnership with around 2,700 full-time and part-time sales partners, we were able to serve over four million customers in 2021 with around 15.5 million policies. The sole and unique shareholders of the subsidiaries are the insurance companies. This means that shareholder interests do not stand against DEVK’s sustainable and long-term business model. Whilst corporate management takes place at the company headquarters in Cologne, standard business is processed in the regional offices. This ensures closer contact with over 1,200 branch offices and sales partners. For our customers, this can only mean one thing: close cooperation. One of the many advantages we offer.
We do not see ourselves merely as a provider of services for a customer, but rather as a professional partner on an equal level. Mutual trust is the basis of a successful partnership.
We are constantly striving to analyse and understand the developments in the various markets with their local particularities. By maintaining regular, personal contact with our customers, we can provide them with personalised, flexible solutions.
Transparency is the basis of every partnership. For us, this means communicating clearly and understandably and making every decision comprehensible.
We are always looking to forge business relationships. Long-term mutual trust and understanding can then develop and form the basis of a long-standing partnership.
Echo Rückversicherungs-AG was founded in 2008 and is headquartered in Switzerland. It is a fully-owned subsidiary of DEVK Sach- und HUK-Versicherungsverein a.G. Echo Re was set up as part of a long-term and committed expansion strategy. Its focus is on non-European reinsurance business – with the exception of Northern America.Echo Re