Reinsurance News
Talanx
Talanx reports preliminary consolidated net income of €604m for Q1’25
29th April 2025
European insurer and parent of large reinsurer Hannover Re, Talanx Group, has reported preliminary consolidated net income of €604 million for the first quarter of 2025. To compare, last year, in the first quarter, the group reported consolidated net income of €576 million. Despite an above-average large loss burden, the group’s current ... Read the full article
Talanx sees net income climb 25% in 2024 as insurance revenue hits €48.1bn
19th March 2025
Talanx has disclosed a net income of €1.977 billion for 2024, up 25% over the previous year, while the firm's combined ratio also improved to 90.3%. At the same time, Talanx's insurance revenue rose 11% to €48.1 billion in 2024, while the firm's operating profit (EBIT) reached €4.9 billion. All divisions reportedly ... Read the full article
Talanx invests in solar and wind energy projects in Austria’s Burgenland
4th March 2025
The Talanx Group has announced it is investing in expanding solar and wind energy capacity in Austria’s Burgenland region. According to Talanx, this move is part of Austria’s largest renewable energy project finance transaction to date, highlighting its commitment to a sustainable, responsible ESG-based investment policy and reinforcing its role as ... Read the full article
Talanx sells HDI Seguros Ecuador to Grupo Financiero Atlántida
25th February 2025
Talanx Group’s Retail International division is selling its Ecuadorian subsidiary, HDI Seguros S.A., to Grupo Financiero Atlántida, a Honduras-based financial conglomerate. The transaction is expected to close in 2025 and is subject to approval by the relevant supervisory authorities. The sale allows the Retail International division to consolidate its Latin American portfolio ... Read the full article
Talanx increases net income to €2bn in 2024
7th February 2025
Talanx Group, a European insurance provider and the parent of large reinsurer Hannover Re, reported a 25% increase in net income, reaching €1.977 billion for the 2024 financial year, based on preliminary figures. The company saw strong growth in insurance revenue, which rose 11% to €48.1 billion compared to €43.2 billion ... Read the full article
S&P upgrades Talanx Group and subsidiaries’ credit ratings
6th February 2025
S&P Global Ratings has upgraded the credit ratings of Talanx Primary Insurance Group and its core primary insurance subsidiaries from “A+” (Strong) to “AA-” (Very Strong). The upgrade applies to several Talanx Group companies, including HDI Haftpflichtverband der Deutschen Industrie V.a.G., Talanx AG, HDI Global Insurance Co., HDI Global Network AG, ... Read the full article
Talanx aims to grow net income 30% by 2027
11th December 2024
The Talanx Group, the parent company of large European reinsurer Hannover Re, has set a number of new targets for the period to 2027 as the company is set to exceed its 2025 targets a year early. In light of the recent strong performance, the financial services company has lifted its ... Read the full article
Talanx issues its first $100m cat bond for earthquake risks in Chile
5th December 2024
Talanx Group, the parent company of Hannover Re, has issued its first ever catastrophe bond, securing multi-year protection against earthquake risks in Chile. The bond, valued at USD 100 million, was issued via Maschpark Re Ltd., a special purpose insurer established in Bermuda, in cooperation with Hannover Re. Dr Jan Wicke, Talanx ... Read the full article
Talanx sees net income growth and improved CoR in 9M’24 despite nat cat losses
14th November 2024
Talanx Group, the parent company of Hannover Re, has generated nine-month Group net income of €1,592 million, already exceeding the full prior-year figure, and an improved combined ratio of 91.2% from 93.5 in 9M ‘23, despite numerous natural catastrophe events. The Group is also lifting its earnings forecast for the ongoing ... Read the full article
Henchoz to step down from Talanx Board in 2025, Jungsthöfel to succeed as reinsurance lead
12th November 2024
Jean-Jacques Henchoz, Member of the Board of Management at Talanx AG with responsibility for the Reinsurance division, will not extend his expiring contract and will depart from the Board on 31 March 2025, with Clemens Jungsthöfel, Chief Financial Officer and designated CEO of Hannover Re, set to assume these responsibilities ... Read the full article
Talanx’s H1 net income reaches over €1bn, CoR improves to 91.2%
15th August 2024
Talanx Group, the parent company of Hannover Re and HDI, increased its total group net profits by 32% in the first half of 2024, exceeding €1 billion for the first time. Based on this number, Talanx affirmed that it remains highly confident of exceeding the full-year group net income target of ... Read the full article
Talanx sees Q1 net income rise 35% to €572m, CR hits 90.9%
15th May 2024
Talanx Group, the parent company of Hannover Re has posted a group net income of €572 million for the first quarter of 2024, an increase of 35% compared to the prior year's €423 million, while the firm's overall combined ratio improved to 90.9%. The company attributed primary insurance as the main ... Read the full article
Talanx sees record net income of €1.58bn in 2023, lifts earnings targets substantially
21st March 2024
Talanx Group, the parent company of Hannover Re, has disclosed a record group net income of €1.58 billion for 2023, surpassing its original earnings forecast. Talanx also revealed that its insurance revenue rose to €43.2 billion in 2023, up from €39.6 billion last year, while its combined ratio improved to 94.3% ... Read the full article
Talanx completes Liberty Seguros acquisitions to become second-largest P&C insurer in LatAm
6th March 2024
Talanx Group's Retail International Division, headed by HDI International AG, has completed the acquisition of the business of Liberty Seguros in Chile, Colombia and Ecuador, making it the second-largest property and casualty insurer in Latin America. Based on the results for the full 2022 financial year, HDI expects to boost ... Read the full article
Talanx expecting record net income of €1.58bn for “extremely successful” 2023
8th February 2024
Based on its consolidated unaudited figures, Talanx Group, the parent company of Hannover Re, is expecting a group net income of €1.58 billion for the 2023 financial year. Talanx noted that this "clearly" surpasses its original annual target of approximately €1.4 billion. The firm said that the positive trend in net income ... Read the full article
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