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Proactiv Holding AG

Business segment

TARGO Versicherungen

Exclusive partnership with TARGOBANK (formally Citibank) for 25 years

TARGO Versicherungen (formally CiV Versicherungen) are the exclusive insurance partners of TARGOBANK (formally Citibank). For 25 years they have been jointly developing high-performing pension and security concepts which are fully integrated with the bank partner's range of products. In this respect, both of them stand for professional advice, high-quality products and excellent service.
  • Tailored products for TARGOBANK customers
  • Efficient interface management
  • First-class products and quick handling when payouts are due

The cooperation between TARGO Versicherungen and TARGOBANK is among the most successful Bancassurance models in Germany.

 

   Information on the most current rating is available at www.standardandpoors.com or from Standard & Poor's at +44 (0)20 7176 3800. A rating is an opinion of an insurer's financial strength; it is not a recommendation of an insurer's products.   

 

Information on the most current rating is available at www.standardandpoors.com or from Standard & Poor’s at +44 (0)20 7176 3800. A rating is an opinion of an insurer’s financial strength; it is not a recommendation of an insurer’s products.

Facts and Figures

  • In 1995 Talanx takes over ownership of TARGO Versicherungen from TARGOBANK (formally Citibank). 
  • The cooperation with TARGOBANK is set out long term – until 2025.
  • TARGO Versicherungen employ 348 members of staff in Hilden.
  • In 2008 TARGO Versicherungen achieved gross premiums written of 961,6 million euros.
  • Management expense ratio: 1,4%

 
www.targoversicherung.de

Annual report