Business operations, organization and structure
The Talanx Group is the third-largest German insurance group measured by gross premium income and operates as a multi-brand provider in the insurance and financial services sector. At the end of 2008 Talanx employed around 17,700 staff worldwide.
Talanx has split its activities into five Group segments: Property/Casualty Primary Insurance, Life Primary Insurance, Non-Life Reinsurance, Life/Health Reinsurance and Financial Services. The individual divisions are controlled – usually via intermediate holding companies – by the Hannover-based financial and management holding company Talanx AG, the sole owner of which is HDI V.a.G., a mutual insurance company.
Talanx is represented by its own companies or branches in around 40 countries worldwide. We have the capacity to act in altogether 150 countries through cooperation arrangements. In the international arena primary insurance activities in personal lines are concentrated on Europe, while in property/casualty business the focus is principally on the high-growth regions of Central and Eastern Europe as well as Latin America. On other continents – in addition to our network serving industrial insurance customers – particular prominence attaches to reinsurance locations such as in North America, South Africa, Australia and some Asian countries.
The Talanx Group transacts the insurance lines and classes specified in the Ordinance Concerning the Reporting by Insurance Undertakings to the Federal Insurance Supervisory Office (BerVersV), in some cases in direct written insurance business and in some cases in reinsured business: life insurance, health insurance, accident insurance, liability insurance, motor insurance, aviation insurance (including space insurance), legal protection insurance, fire insurance, burglary insurance, water damage insurance, plate glass insurance, windstorm insurance, comprehensive householders insurance, comprehensive homeowners insurance, hail insurance, livestock insurance, engineering insurance, omnium insurance, marine insurance, credit and surety insurance, extended coverage for fire and fire loss of profits insurance, business interruption insurance, travel assistance insurance, aviation and space liability insurance, other property insurance, other indemnity insurance.
