Condor Life Insurance

R+V Versicherung AG, the insurance arm of Germany's cooperative banking network, has held a 95 percent stake in Condor since acquiring it from the Oetker Group in 2008. The remaining 5 percent is held by minority shareholders. As of March 2026, Acathia Capital has announced a pending acquisition of the entire entity, which will transfer full ownership away from the R+V group.

Condor carried positions in Signa Prime Selection AG and Signa Development Selection AG, the two main entities within René Benko's Signa Holding that filed for insolvency beginning in late 2023. The precise marks taken on those exposures are not publicly disclosed. Signa's collapse has been a known risk across German and Austrian insurance portfolios, particularly those with direct real estate equity holdings rather than senior mortgage positions.

Through its parent R+V Versicherung, Condor is part of the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, the cooperative financial network that provides banking and insurance services across Germany. This membership gives Condor access to distribution channels, shared risk management frameworks, and group-level commitments including the Net-Zero Asset Owner Alliance, to which R+V adheres.

No. Condor Lebensversicherungs-AG is a German life insurer with no corporate connection to Condor Flugdienst GmbH, the German leisure airline. The shared 'Condor' name is coincidental. Condor Life Insurance was part of the Oetker Group, and Condor Airlines was historically part of the Thomas Cook Group, now independently owned.