Talanx, the parent of reinsurance giant Hannover Re, has agreed a long-term distribution partnership with Deutsche Bank.
Starting 2023, retail clients of DB and its subsidiaries Postbank and BHW Bausparkasse will be able to insure their consumer and mortgage loans exclusively with the Talanx.
This deal follows DB’s a long-term sales cooperation agreement for life and property insurance in September.
The German multinational investment bank and financial services firm hopes this latest agreement will lay the groundwork for a partnership to assist clients in the area of credit insurance.
“The Talanx Group has a multi-year track record as a capable supplier of credit insurance products for our Postbank and BHW brand customers,” said Achim Kuhn, Deutsche Bank’s Head of Product Management Private Bank Germany.
“I am pleased to announce that all Private Bank Germany clients will be able to access this attractive offering as from January 2023.”
Dr. Christopher Lohmann, the Talanx Group Board of Management member responsible for the Retail Germany Division, added, “We are delighted to be extending our cooperation with Deutsche Bank.
“This long-term agreement and the expansion of our existing partnership to additional Deutsche Bank brands show the high level of trust placed in us and our bancassurance expertise, as well as in our products and customer service.”