- Expected that the captive will be fully licenced in Germany by 1 January 2027
- Marine cargo and property are currently the largest lines in the captive
- The captive primarily operates in the primary layer for all risks
Volkswagen decided to redomesticate its Ireland-domiciled captive to Germany because it “makes more sense” to be closer to company’s German headquarters due to the captive soon being required to abide by IFRS 17 reporting standards, according to Tibor Boettcher, executive director and CEO of Volkswagen Insurance Company DAC (VICO).
Volkswagen Group also owns several additional automotive brands, including Audi, SEAT, Cupra, Škoda, Bentley, Lamborghini, Porsche, and Ducati.
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