Hannover/Luxembourg, 04 August 2015
HDI-Gerling Industrie Versicherung AG is selling its subsidiary HDI-Gerling Assurances S.A. Luxemburg at a price in the middle single-digit million euro range to the Luxembourg-based Bâloise Holding S.A.
The company to be divested is active in motor, property & casualty insurance with a special focus on retail and commercial customers in Luxembourg. It generated a gross premium volume of around EUR 4.67 million in the 2014 financial year.
Going forward, HDI-Gerling will continue to provide its industrial and corporate clients in Luxembourg with high-quality industrial insurance solutions from its branch in Belgium. The division is streamlining its portfolio in the Benelux region through disposal of the Luxembourg unit.
The transaction is still subject to the customary regulatory approvals.
About Talanx
With premium income of EUR 29.0 billion (2014) and more than 21,300 employees, Talanx is one of the major European insurance groups. The Hannover-based Group is active in some 150 countries. Talanx operates as a multi-brand provider with a focus on B2B insurance. The Group's brands include HDI, which operates in Germany and abroad, the global industrial insurer HDI-Gerling, Hannover Re, one of the world's leading reinsurers, Targo Versicherungen, PB Versicherungen and Neue Leben, the latter all specialized in bancassurance, the Polish insurer Warta, and the financial services provider Ampega. The rating agency Standard & Poor's has given the Talanx Primary Group a financial strength rating of A+/stable (strong) and the Hannover Re Group one of AA-/ stable (very strong). Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX as well as on the stock exchanges in Hannover and Warsaw (ISIN: DE000TLX1005, German Securities Code: TLX100, Polish Securities Code: TNX).
You can find additional information by going to www.talanx.com.
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About HDI-Gerling Industrie Versicherung AG
As an industrial insurance company, HDI-Gerling Industrie Versicherung meets the needs of industrial and commercial customers with insurance solutions that are specifically tailored to their requirements. Alongside the outstanding profile of the company in the German market, the company also has operations in more than 130 countries through foreign branch offices, subsidiary and peer companies, and network partners. The Company is thus able to offer its customers local policies for their global operations, which ensure that the established service and insurance protection is extended for all covered risks world-wide. HDI-Gerling is a company in the Talanx Group and manages the Industrial Lines Division within the Group. More than three thousand employees in this division generated approx. four billion euros gross premium in the year 2014. The rating agency Standard & Poor's has given the Talanx Primary Group a financial strength rating of A+/stable (strong). Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX as well as on the stock exchanges in Hanover and Warsaw (ISIN: DE000TLX1005, German Securities Code: TLX100, Polish Securities Code: TNX).
For media enquiries please contact:
Andreas Krosta Tel.: +49 511-3747-2020
E-mail: andreas.krosta@talanx.com
Josefine Zucker Tel.: +49 511-3747-2128
E-mail: josefine.zucker@talanx.com
For Investor Relations please contact:
Carsten Werle, CFA Tel.: +49 511-3747-2231
E-mail: carsten.werle@talanx.com
Marcus Sander, CFA Tel.: +49 511-3747-2368
E-mail: marcus.sander@talanx.com
Disclaimer
This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG's control, affect Talanx AG's business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialize, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement.
Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
