Combined Company and Group
Management Report
Group structure and business activities
Control and service levels integrated into Group structure
The HOCHTIEF Group comprises six operating divisions. The management holding company has a control and a service level.
The control level—the Executive Board and the Group’s corporate centers—is responsible for the strategic and organizational development of HOCHTIEF Aktiengesellschaft. The corporate centers are Global Procurement, Controlling, Finance/Investor Relations, Human Resources, Accounting, Legal, Auditing, Tax, Corporate Development, Corporate Communications, Insurance Management and Corporate Governance/Compliance. The service level brings together a range of ancillary functions for the Group as a whole, with Service Center units providing support in communications, accounting, legal, tax and other matters. The occupational safety, health and environmental protection competence center OSHEP is also part of the service level.
Our two companies HOCHTIEF Insurance Broking and Risk Management Solutions and HOCHTIEF ViCon are likewise directly owned by HOCHTIEF Aktiengesellschaft. Their task is to develop and implement trailblazing solutions in order to generate further added value for the Group.
HOCHTIEF Insurance Broking and Risk
Management Solutions
HOCHTIEF Insurance Broking and Risk Management Solutions offers insurance services spanning the entire life cycle of infrastructure projects, real estate and facilities before, during and after construction. The brokerage insures project risks across the Group—for example, covering construction work on infrastructure projects, real estate and facilities. This service is not restricted to Group companies but is also available to third parties— notably those involved in a project. For the period after the end of the construction phase, clients, owners and end users can purchase cover for risks such as fire and business interruption.
HOCHTIEF Insurance’s portfolio is rounded out with reinsurance services used mainly by the HOCHTIEF Americas division. This includes insurance for construction work, subcontractor default and liability risks.
Our insurance activities not only allow us to cut insurance costs in that HOCHTIEF covers calculable risks itself. HOCHTIEF Insurance also brings in additional revenue and earnings by writing business with outside partners.