In 1983 the WUEBA (Wuerttembergische and Badische Versicherungs-AG) emerged from the intermediary and insurance brokerage business. In the summer of 1993 the Elektra insurance was taken over. At the end of 1998 the Nord-Deutsche Versicherungs AG (Hamburg) and the Neu Rotterdam Deutschland (Cologne) were purchased. At that time the WueBa had about 840,000 contracts, 470,000 losses and 7,000 brokers.
First German insurer acquired by private equity investor
Sold to AIG after buy & build acquisition of an AXA subsidiary
Wuestenrot & Wuerttembergische