Corporate News

Claims burden for Talanx related to “Sandy” in line with expectations

Talanx AG quantifies the net claims burden related to hurricane “Sandy”, which hit the US East Coast on 29 October 2012, at EUR 306 million for the entire Group. This amount includes the total burden of losses announced today by Hannover Re.

Due to the very moderate occurrence of major losses in 2012, Talanx Group’s budget for claims of this kind is sufficient. Therefore, the effect of hurricane “Sandy” on Talanx Group’s full-year results remains in line with expectations. Talanx will publish its Group Annual Report for the financial year 2012 on 21 March 2013.


This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s control, affect Talanx AG’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialise, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.