Talanx profits dip as large losses exceed 2020 budget after nine months

12-11-2020

Talanx profits dip as large losses exceed 2020 budget after nine months

Talanx CEO Torsten Leue; Source: Talanx

Talanx Group, the parent company of Hannover Re and HDI, improved its combined ratio and gross written premiums despite COVID-19 claims expenses topping €1 billion, but its large losses in the first nine months of 2020 have exceeded the full year budget. However, its chairman Torsten Leue remains confident on seeing profitable growth going forward.


Talanx, 2020 results, Insurance, Reinsurance, Torsten Leue, Europe

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