Captive & Insurance Risk Management

The Captive Model - Learn more about our role as insurer and broker in the Lufthansa Group

Delvag Versicherungs-AG

Managing your risk is our strength.

Our business activities focus on aviation insurance, transport insurance and reinsurance. Being the insurer in the Lufthansa Group, we offer an almost unique combination of a one-stop direct and reinsurance provider. With 100 years of experience, specific and industry-relevant know-how combined with a first-rate personalised service make us your primary point of contact for insurance and risk management.

Aviation insurance
Our customers can rely on 100 years of experience in aviation insurance. Being the insurer in the Lufthansa Group gives us an international presence on the markets. Benefit from an extensive product and services package with innovative concepts – including first-class and personalised consulting.

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Transport insurance
We have developed an extensive range of transport insurance services and products together with Lufthansa Group’s freight experts – from tailored insurance coverage to logistics consultancy services to loss prevention concepts and customer-centric claims handling. Our offering is tailored to the needs of freight forwarders, handlers, airlines, and cash-in-transit customers, in particular jewellers’ block.

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Ever-changing markets means that risks also become more and more complex. Therefore, our customers need tailored reinsurance solutions, advice and services that go beyond classic reinsurance, which is why we are approachable and good listeners. This provides the basis for developing your solutions – from classic reinsurance contracts to complex risk management.

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In all our business units you will benefit from

  • Specialised coverage concepts;
  • Expert consulting;
  • Worldwide business relationships;
  • Extensive services;
  • Advisory services from risk management to process optimisation in case of a loss.

Meet a Global Player!

Working at Delvag

Discover attractive career opportunities in our business units.


Insurance expertise is our tradition.

A subsidiary older than the parent company
Delvag now looks back to a history lasting many decades.
When the predecessor of today's Deutsche Lufthansa AG was founded in 1926, "Aero Lloyd Aktien-Gesellschaft" – the company from which Delvag later emerged – was already two years old. It then changed into "Luft Hansa AG" under the "flag" of "Deutscher Aero Lloyd AG".

Getting an early start...
The course for today's areas of expertise of the Delvag Group was already laid in the pioneering years. Yet, it was not just centred on aviation and transport insurance, but also insurance and pension concepts for the employees of the young Lufthansa, particularly for the flying staff.

The route to becoming a composite insurer
In the 1960s, Delvag took the decisive steps from being a pure Group insurer to a composite insurer. Increasingly, risks "outside the Group" were also underwritten and the range of offers was directed at companies of the aviation and transport sector.

The insurance group is formed
When the demand for insurance broking became steadily greater, Delvag established its first subsidiary in 1980, Albatros Versicherungsdienste GmbH.
Today, it is not just the companies and their employees who benefit from the services of the broker Albatros, but also numerous corporate clients and workforces outside the Lufthansa Group. Albatros has been supported by its own subsidiaries Albatros Service Center GmbH and Star Risk Services/Dallas, USA since the year 2002.

In 1985, Delvag's then second subsidiary, Delvag Rückversicherungs-AG, was founded in order to provide an independent structure to the reinsurance business that had steadily increased within Delvag.

2016: Delvag Rück merges with Delvag
On 7 October 2016 Delvag Rückversicherungs-AG merges with Delvag Luftfahrtversicherungs-AG. Along with the merger the Board decided to change the company name from Delvag Luftfahrtversicherungs-AG to Delvag Versicherungs-AG.

With the merger of Delvag Rück and Delvag, Delvag bundles its competencies in the areas of direct insurance and reinsurance.  The new company name, Delvag Versicherungs-AG, clarifies Delvags position of being more than a specialist aviation insurer. The merger enables Delvag to further develop other segments, which will be to the benefit of the reinsurance business in particular. This will enable Delvag to be an even more trustworthy, experienced and innovative player in the international insurance market for you.