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Talanx AG Jul 08

  • ID: 1711261
  • July 2008
  • Standard & Poors

FEATURED COMPANIES

  • Citigroup Inc.
  • Deutsche Postbank AG
  • Hannover Rueck SE
  • HDI Lebensversicherung AG
  • HDI Versicherung AG
  • Talanx AG
  • MORE

Abstract
Strong financial flexibility Strong consolidated earnings Very conservative management of non-life loss reserve confidence levels High exposure to the competitive German insurance market Uncertainty about the sustainability of bancassurance model Execution risks in successfully integrating the Gerling operations The counterparty credit rating on Talanx AG reflects the company's position as the intermediate management holding company of Germany-based Talanx insurance and reinsurance group (Talanx group). The rating is derived from Talanx AG's majority shareholding in substantial German primary insurance subsidiaries, including the Gerling primary non-life and life operations acquired in 2006 (collectively referred to as Talanx Primary Group: TPG, core operating entities rated A+/Stable/--) and its 50.2% stake in Hannover Rückversicherung AG (Hannover Re; AA-/Stable/--). Talanx AG benefits from strong financial...

Companies mentioned in this report are:
- Talanx AG
- Hannover Rueck SE
- Citigroup Inc.
- Banque Federative du Credit Mutuel
- HDI Haftpflichtverband der Deutschen Industrie VaG
- HDI Lebensversicherung AG
- TARGO Lebensversicherung READ MORE >

Note: Product cover images may vary from those shown

- Talanx AG
- Hannover Rueck SE
- Citigroup Inc.
- Banque Federative du Credit Mutuel
- HDI Haftpflichtverband der Deutschen Industrie VaG
- HDI Lebensversicherung AG
- TARGO Lebensversicherung AG
- Deutsche Postbank AG
- HDI Versicherung AG
- HDI-Gerling Industrie Versicherung AG
- Aspecta Lebensversicherung AG
- HDI-Gerling Firmen und Privat Versicherung AG
- Neue Leben Lebensversicherung AG

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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