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Hannover Re to exit Viridium consortium, while Santander Insurance buys in
Finance

Hannover Re to exit Viridium consortium, while Santander Insurance buys in

Published by Global Banking & Finance Review

Posted on August 1, 2025

1 min read

· Last updated: January 22, 2026

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insurance investment financial services

Hannover Re Exits Viridium Group as Santander Insurance Joins

FRANKFURT (Reuters) -The German reinsurer Hannover Re is exiting the investor consortium behind Viridium Group, and will be replaced by Santander Insurance and the family office of the co-founders of Partners Group, the companies announced on Friday.

Viridium is a firm that specializes in buying existing life insurance portfolios.

Hannover Re's exit is effective Sept. 30.

(Reporting by Tom Sims; editing by Matthias Williams)

Key Takeaways

  • Hannover Re exits Viridium Group consortium.
  • Santander Insurance joins the Viridium consortium.
  • Partners Group founders' family office also joins.
  • Viridium specializes in life insurance portfolios.
  • Hannover Re's exit effective September 30.

Frequently Asked Questions

What is Hannover Re's recent decision regarding Viridium?
Hannover Re is exiting the investor consortium behind Viridium Group, effective September 30.
Who is replacing Hannover Re in the consortium?
Santander Insurance and the family office of the co-founders of Viridium will replace Hannover Re.
What does Viridium Group specialize in?
Viridium is a firm that specializes in buying existing life insurance portfolios.

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