Talanx profit hit hard by COVID-19 pandemic in 'difficult' H1 and Q2

Talanx profit hit hard by COVID-19 pandemic in 'difficult' H1 and Q2 2020

Talanx owns industrial lines insurer HDI; Source: Talanx

German re/insurer Talanx Group, the parent company of Hannover Re and HDI, said the impact of COVID-19 claims and lockdown in Europe surpassed its loss budget in the "difficult" first half of 2020. However, the company saw positive developments in industrial lines, reinsurance and retail Germany division.

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Contact: Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

Talanx, 2020 Results, Claims, Coronavirus, GWP, Insurance, Reinsurance, Europe