21 January 2015 Insurance

Talanx in alternative investments venture

Germany's third-largest insurer Talanx will buy a stake in an alternative investments manager as it seeks to combat declining yields.

Talanx will take a 45 percent stake in investment service provider Caplantic Alternative Assets. Caplantic was established in 2013 as a joint venture between NORD/LB and private bank Bankhaus Lampe.

NORD/LB will hold 45 percent of Caplantic shares in future, and Bankhaus Lampe will hold 10 percent of the shares via Lampe Credit Advisors.

“In view of the low interest rates currently prevailing, the owners are anticipating an increasing shift in investment towards alternative asset classes such as real estate, private equity and infrastructure investments. They are therefore expecting significant growth in these areas,” said Talanx.

“Talanx is already strategically increasing the proportion of these investment classes in order to counteract the declining yields as a result of low interest rates.”

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