R+V Versicherung posts strong results

R+V Versicherung, the privately-owned German re/insurer, enjoyed strong growth in 2013, its total premiums written exceeding the €12 billion mark for the first time.

The company also said it had grown twice as fast as the domestic primary insurance business in Germany taking on 123,000 new clients and employing almost 500 new staff in 2013.

The company’s premiums grew by 7.4 percent to €12.8 billion in 2013, exceeding the €12 billion market for the first time.

Frederick Casper, CEO of R + V Versicherung, said that the company had illustrated its financial strength by coping well with the extreme weather and high levels of claims in many of its core markets last year.