Talanx strikes new insurance partnership with Deutsche Bank
German re/insurer Talanx has entered into a ten-year distribution partnership for insurance products with Deutsche Bank.
The new agreement will take effect from January 2023, and see retail clients of Deutsche Bank, Postbank and BHW Bausparkasse insure their consumer and mortgage loans exclusively with the Talanx Group.
The deal aims to assist the bank’s clients in the area of credit insurance, having already signed a long-term sales cooperation agreement for life and property insurance in September.
Christopher Lohmann, Talanx Group's board member responsible for the retail Germany division, said: “We are delighted to be extending our cooperation with Deutsche Bank. This long-term agreement and the expansion of our existing partnership to additional Deutsche Bank brands show the high level of trust placed in us and our bancassurance expertise, as well as in our products and customer service.”
Achim Kuhn, Deutsche Bank’s head of product management Private Bank Germany, commented: “The Talanx Group has a multi-year track record as a capable supplier of credit insurance products for our Postbank and BHW brand customers. I am pleased to announce that all Private Bank Germany clients will be able to access this attractive offering as from January 2023.”
