Reinsurance News

Talanx

Talanx’s financial results remain robust in spite of heavy 2017 losses

19th March 2018

Despite heavy catastrophe losses in 2017 Hannover Re's parent company Talanx's financial results show the re/insurance giant remains well-placed to ride out the industry's cyclical low points reporting an overall 6.3% gross written premiums increase, solid return on investment and continued dividends' growth. Group net income for 2017 was EUR 672 ... Read the full article

Talanx to acquire Liberty Mutual’s Turkish non-life insurer

24th January 2018

The parent company of reinsurance giant Hannover Re, Talanx Group, has agreed to acquire 99.4% of the shares in Liberty Sigorta A.S., Liberty Mutual Group's Turkish non-life subsidiary. The transaction enables Talanx to strengthen its presence in the Turkish marketplace, which is one of its core markets, and is expected to close ... Read the full article

Talanx approves leadership changes, including new CEO

10th November 2017

The Supervisory Board of Talanx AG has approved a series of upcoming leadership changes, nominating Torsten Leue as Chief Executive Officer (CEO), Sven Fokkema as a member of the Talanx AG Board of Management, and Herbert Haas as a Supervisory Board member. The personnel changes at Talanx AG, the parent company to ... Read the full article

Hannover Re’s parent exhausts large loss budget on HIM & Mexico quakes

27th October 2017

Talanx Group, the parent company of reinsurance giant Hannover Re, has announced losses of approximately €900 million (US$1.05bn) from hurricanes Harvey, Irma, and Maria, and the two Mexico earthquakes, meaning it's now exhausted its catastrophe loss budget for 2017. Talanx announced previously that it expects to "exceed the pro-rata large loss ... Read the full article

Generali sells Colombian business to Talanx for €30 million

21st July 2017

International insurer, Generali Group, has announced the signing of an agreement to sell its Colombian business to the Talanx Group for roughly €30 million (roughly US$35mn), and the completed sale of its stake in Aseguradora General S.A. Talanx, a large German insurer and the parent of reinsurer Hannover Re, will acquire ... Read the full article