VHV Gruppe (VHV Vereinigte Hannoversche Versicherung a.G.)
Also known as VHV, VHV a.G., VHV Vereinigte Hannoversche Versicherung a.G., VHV Holding SE
Hannover mutual insurance group; €18.2bn of investments (2025); invests in private equity via WAVE Private Equity SICAV-RAIF sub-funds and €1.09bn in infrastructure.
Hannover mutual insurance group; not VGH Versicherungen (Landschaftliche Brandkasse Hannover), the public-law insurer in the same city.
- HEADQUARTERS
- Hannover, Germany
- FOUNDED
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 4 people
Focus
- STAGES
- —
- SECTORS
- —
- ASSET MIX
- Private equityPrivate creditReal estate
- GEOGRAPHY
- GermanyEurope
Investment arms & vehicles
- WAVE Management AGAsset-management company of the VHV Gruppe (Hannover, 100%), which also offers a small range of public funds
- WAVE Private Equity SICAV-RAIFLuxembourg private equity vehicle with one sub-fund per group insurer, consolidated as special-purpose entities
- VHV Allgemeine Versicherung AGProperty and casualty insurer (100%)
- Hannoversche Lebensversicherung AGLife insurer in the group
- Pensionskasse der VHV-VersicherungenPension fund, consolidated as a special-purpose entity
Overview
VHV Vereinigte Hannoversche Versicherung a.G. is a mutual insurer (Versicherungsverein auf Gegenseitigkeit) and the ultimate parent of the VHV Gruppe, whose subsidiaries include VHV Allgemeine Versicherung AG, Hannoversche Lebensversicherung AG, the Pensionskasse der VHV-Versicherungen and VAV Versicherungs-AG in Vienna. Group investments were €18,220.9M at end 2025. The group holds private equity through sub-funds of WAVE Private Equity SICAV-RAIF in Luxembourg, one per insurer, and had €1,091M in infrastructure investments at end 2025, of which €285M in renewable energy, via direct and fund investments in equity and debt. Investments are run by the group's WAVE Management AG, and the 2025 report plans to continue the real-estate, private equity and infrastructure asset classes in 2026.
PORTFOLIO (2)
- WAVE Private Equity SICAV-RAIF (Luxembourg; sub-funds PE VHV Allgemeine, PE Hannoversche Leben, PE VAV, PE VHV Pensionskasse)
- Infrastructure investments of €1,091M at 31/12/2025 (incl. €285M renewable energy: solar, onshore and offshore wind; equity and debt)Climate & Energy
People
- Thomas VoigtChairman of the Management Board (Vorstandsvorsitzender) · source
- Ulrich SchneiderMember of the Management Board, Investments (Kapitalanlagen) · source
- Sebastian StarkMember of the Management Board, Finance and Risk Management · source
- Uwe H. ReuterChairman of the Supervisory Board · source
Links
Frequently asked questions
VHV Gruppe (VHV Vereinigte Hannoversche Versicherung a.G.) is a institutional investor based in Hannover, Germany.
Yes. VHV Gruppe (VHV Vereinigte Hannoversche Versicherung a.G.) invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Key people at VHV Gruppe (VHV Vereinigte Hannoversche Versicherung a.G.) include Thomas Voigt (Chairman of the Management Board (Vorstandsvorsitzender)), Ulrich Schneider (Member of the Management Board, Investments (Kapitalanlagen)), Sebastian Stark (Member of the Management Board, Finance and Risk Management) and Uwe H. Reuter (Chairman of the Supervisory Board).
VHV Gruppe (VHV Vereinigte Hannoversche Versicherung a.G.)'s investments include WAVE Private Equity SICAV-RAIF (Luxembourg; sub-funds PE VHV Allgemeine, PE Hannoversche Leben, PE VAV, PE VHV Pensionskasse) and Infrastructure investments of €1,091M at 31/12/2025 (incl. €285M renewable energy: solar, onshore and offshore wind; equity and debt).
No. VHV Gruppe (VHV Vereinigte Hannoversche Versicherung a.G.) invests its own capital and does not raise money from outside investors.