Business development

Talanx has good news to report as regards the integration of the former Gerling and BHW companies:

With the closure of the “integration office” as at year-end 2008, the HDI-Gerling Property/Casualty Group was able to officially complete the overall integration. Remaining tasks will be finalized internally as part of normal day-to-day business activities. Following the successful steps towards integration in the Asset Management sector (May 2007) and in the HDI-Gerling Life Group (year-end 2007), one of the largest acquisitions in the German insurance industry has thus been successfully completed within the envisaged timescale.

In the Bancassurance division, too, the integration of the former BHW companies is progressing according to plan. Having acquired these companies in September 2007, the division had already completed the organizational aspects of their integration by the end of 2007. At the end of June 2008 BHW Leben was rebranded PBV Lebensversicherung AG.