Reinsurance News
Talanx
Talanx completes acquisition of Liberty Seguros in Brazil
24th November 2023
Germany’s Talanx Group, the parent of global reinsurer Hannover Re, has completed the process of acquiring the business of Liberty Seguros with retail customers and small to mid-sized enterprises in Brazil, in line with the company’s announcement earlier this year. The acquisition was done through HDI International, a subsidiary of ... Read the full article
Talanx posts 38% rise in 9M’23 net income, increases FY23 earnings forecast
13th November 2023
The Talanx Group, the parent company of global reinsurer Hannover Re, has disclosed that its Group net income increased 38% in the first nine months of 2023 to €1.3 billion, while the firm’s overall combined ratio also improved to 93.5%. Talanx’s insurance revenue in the period grew to €32.3 billion, while ... Read the full article
Talanx raises FY23 profit forecast to more than €1.5 billion
24th October 2023
The Talanx Group, the parent company of global reinsurer Hannover Re, expects to report net income of over €1.25 billion for the first nine months of 2023, and has raised its profit expectation for the full year to significantly above €1.5 billion. The carrier notes a strong operating performance of its ... Read the full article
Talanx initiates €300m capital raise to increase its free float
20th September 2023
European insurance group Talanx has launched a €300 million capital raise to increase its free float, as the company looks to enhance the trading liquidity of its shares and further improve its position in equity indices. The company's share capital is expected to increase through the issuance of new no-par value ... Read the full article
Talanx reports record net income of €827m in H1
14th August 2023
Talanx Group, the parent company of Hannover Re, has reported that group net income increased 21% to €827 million in the first half of 2023, marking the best H1 result in the firm's history. Based on this number, Talanx affirmed that it is confident it will exceed the full-year group net ... Read the full article
Talanx Group to acquire LatAm businesses of Liberty Mutual in €1.38bn deal
30th May 2023
Germany’s Talanx Group is set to become the third-largest P&C insurer in Latin America after acquiring a number of Liberty Mutual’s businesses in Brazil, Chile, Colombia, and Ecuador, through its subsidiary HDI International. The purchase price is expected to be around €1.38 billion at the closing date of the transaction, which ... Read the full article
HDI Global sees strong start to year with insurance revenue of €2.1 billion
23rd May 2023
The industrial insurer HDI Global SE, part of the Talanx Group, has reported that Q1 2023 insurance revenue was €2.1 billion, up from €1.8 billion in the same quarter last year, while the firm's combined ratio of 93.2% came in below the stated medium-term target of 95%. According to HDI, the ... Read the full article
Talanx sees Q1 net income rise 31% to €423 million
15th May 2023
The Talanx Group has disclosed that its Group net income increased 31% in Q1 of 2023 to €423 million, while the firm's overall combined ratio also improved at 93.5%. Talanx's insurance revenue in the quarter grew to €10.7 billion, chiefly driven by expansion in primary insurance (+14.2%). Primary Insurance contributed 42.7% to ... Read the full article
Talanx names Simone Auer Chief Risk Officer
8th May 2023
Simone Auer has been appointed to the role of Chief Risk Officer for Talanx, Hannover Re’s parent company. She succeeds Professor Dr Gerhard Stahl, the long-term head of Group Risk Management who will stay on with the Group as Research Advisor. Auer will be taking over the role starting May 1, ... Read the full article
Talanx reports rise in net income despite record losses from natural disasters
15th March 2023
Talanx Group, the parent company of Hannover Re, has reported a rise in group net income to €1.17bn for the full year 2022 despite total large losses from natural disasters of €1.5bn, the highest volume in the history of the firm. Talanx states that its primary insurance operation (encompassing the Industrial ... Read the full article
Talanx concludes 10-year bancassurance agreement in Poland
15th February 2023
Talanx strengthens its business in the core market of Poland with ten-year cooperation between Europa Group, a subsidiary of HDI International AG, and Bank Millennium through bancassurance agreement. According to the announcement, as part of the transaction Europa Group is acquiring 80% of the shares in a company owned by the ... Read the full article
Talanx posts 16% rise in full-year net income to €1.17bn
9th February 2023
Germany’s Talanx Group, the parent company of Hannover Re, has exceeded its full-year 2022 target for group net income with a rise of 16% to €1.17 billion. Gross written premium income also rose by a double-digit 17% to €53.4 billion. Meanwhile, the return on equity was 12.9%, well above the minimum target ... Read the full article
Talanx targets 25% earnings increase in new three-year plan
6th December 2022
Germany’s Talanx Group, the parent of reinsurer Hannover Re and HDI Global, is targeting a 25% earnings increase and a group-wide return on equity goal of more than 10% as part of a new three-year strategy, it has announced. Talanx will look to raise its net income to approximately €25 million ... Read the full article
Talanx reports huge rise in gross premiums in latest results
14th November 2022
Talanx Group, the parent company of Hannover Re, has released its results for Q3 2022, reporting that gross premiums rose 18.5%, with group net income up 8.6%. The firm said that it was fully on track to meet its annual targets. It added that its growth in premiums and group net ... Read the full article
Jens Warkentin named head of Talanx Group’s Retail Germany Division
9th November 2022
Germany’s Talanx Group, the parent of reinsurer Hannover Re and HDI Global, has announced Jens Warkentin will join Talanx AG’s Board of Management, becoming head of the Retail Germany Division and CEO of HDI Deutschland AG, as Dr Christopher Lohmann steps down to pursue a career change. Talanx states that the ... Read the full article
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