Talanx Primary Insurance Group Mar 06
- ID: 2023696
- March 2006
- Standard & Poors
Proven ability to maintain solid profitability; Very competitive cost position backed by efficient distribution and rigorous cost discipline; A very strong competitive position in the German property/casualty market; and A very conservative financial profile. Financial risk tolerance is likely to increase as management has entered into an active acquisition phase. The ratings on the core property/casualty insurance subsidiaries of Germany-based Talanx AG are based on the financial strength of Talanx AG's consolidated primary insurance operations (collectively referred to as Talanx primary insurance group; TPG; see table 5). TPG benefits from strong operating performance, a very strong competitive position, and a very conservative financial profile. Over the past few years, TPG has demonstrated an impressive earnings track record. In 2005, TPG...
Companies mentioned in this report are:
- HDI-Gerling Industrie Versicherung AG
- HDI Haftpflichtverband der Deutschen Industrie VaG
- HDI-Gerling Verzekeringen N.V.
- Talanx AG
- HDI Versicherung AG
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