Wüstenrot & Württembergische (W&W) is a German financial services company that offers a range of products and services, including insurance, banking, and investment products. It based in Stuttgart founded in 1999. The Wüstenrot side of the business offers banking services.[2] Württembergische offers insurance.[3] W&W took over Karlsruher Versicherungsgruppe in 2005, thereby becoming one of Germany's top 15 insurance groups.[4]
History
Württembergische Versicherung was founded in 1828. The beginnings of the Gemeinschaft der Freunde Wüstenrot (GdF), today Wüstenrot Bausparkasse AG, date back to 1921. Their headquarters are in Ludwigsburg. It is the oldest building society in Germany. It was named after the small Swabian village of Wüstenrot, where the building society was founded.
In 1999, Wüstenrot merged with Württembergische. The merger to form Wüstenrot & Württembergische created one of the ten leading financial service providers in Germany. Other companies emerged from the merger, including W&W Informatik, which was founded in 2002. Wüstenrot Lebensversicherung was integrated into Württembergische Lebensversicherung in 2000.