The Talanx Group and its companies operate in multiple areas of primary insurance and reinsurance, both in property/casualty and life business. The Group has tailored its clear and efficient structure for customers and investors to four operational customer divisions: the Industrial Lines, Retail Germany, Retail International as well as Reinsurance Divisions, the latter encompassing both property/casualty and life/health business. In addition, the Group is active in the field of asset management, which is allocated to the Corporate Operations segment.
Talanx AG is the financial and management holding company positioned at the head of the Group. It ensures that the primary goal is achieved: sustainable profitable growth. Talanx AG steers the Group through capital procurement and allocation, the definition of targets, performance measurement and suitable incentive schemes. At the same time, it is responsible for optimising the corporate and capital structure. For the purpose of implementing the measures derived from the strategic objectives and conducting its operational activities, Talanx AG has its own executive staff functions for Corporate Operations. They are tasked with continuously refining the systematic steering and monitoring of the Group.
The Industrial Lines Division is led by HDI Global SE. The company is active in more than 175 countries through subsidiaries and network partners. In Germany, HDI Global SE offers the full range of individual customer support services from 11 locations across the country.
As an internationally operating industrial insurer HDI Global SE supports its clients at home and abroad with bespoke solutions optimally attuned to the needs of its customers. The range of products and services extends from liability, motor, accident, fire and property insurance to transport and aviation, financial lines and engineering covers. Corporate and industrial clients in Germany and abroad profit from decades of experience in risk assessment and risk management, since complex risks in industry and mid-sized business necessitate special protection. Comprehensive insurance solutions are realised using individually tailored coverage concepts, thereby offering the complete spectrum of products to protect against entrepreneurial risks. Just as importantly, thanks to its long-standing experience and proven expertise HDI Global SE provides professional claims management that can deliver immediate assistance worldwide in the event of loss or damage.
The Retail Germany Division concentrates the activities of companies serving retail and commercial customers in the areas of Property/Casualty insurance, Life insurance and bancassurance in Germany. The divisional company bears the name HDI Deutschland AG.
The division offers German retail and commercial customers insurance protection that fits their needs. The range of products extends from property/casualty covers through all lines of retirement provision to complete solutions for small and mid-sized enterprises as well as freelance professionals. In this context, all sales channels are at its disposal – not only its own tied agents' organisation but also sales through independent intermediaries and multiple agents, direct sales and cooperative ventures with bancassurance partners.
The functional organisation ensures clear responsibilities and puts in place the platform for operations across the previous boundaries between the property/casualty and life lines of insurance. This perspective spanning the various lines of business is a vital prerequisite for improving processes and services to the benefit of our customers.
The Retail International Division concentrates the activities of companies serving retail and commercial customers in the areas of property/asualty insurance, life insurance and bancassurance in foreign markets and is present in 12 countries with a clientele of more than 20 million. The division is led by HDI International AG.
This division offers comprehensive tailored insurance protection for retail and commercial customers abroad. The product range encompasses inter alia offerings for motor insurance, property/casualty insurance, marine and fire insurance as well as for life insurance. In this context, the seasoned and competent management team combined with the strong underwriting expertise of the local staff forms the backbone of the HDI International AG.
By drawing on local industry-specific know-how and thanks to its presence through an extended sales network, the Retail International Division is able to identify the specific needs of our customers abroad and offer them specially tailored solutions.
The Reinsurance Division within the Talanx Group is handled almost exclusively by the Hannover Re Group, one of the leading reinsurance groups in the world. It maintains business relations with more than 5,000 insurance companies on every continent. The company´s network consists of more than 100 subsidiaries, branches and representative offices worldwide. It transacts all lines of property/casualty and life/health reinsurance.
Property/Casualty Reinsurance is the traditional area in which Hannover Re began doing business in 1966. The reinsurer offers its clients a comprehensive product range in treaty and facultative reinsurance business and is also one of the leading providers of structured reinsurance solutions. Hannover Re attaches great importance to a wide diversification of its portfolio, which is written on a largely central basis in Hannover with the support of numerous branches and representative offices worldwide.
The Group segment of Life&Health Reinsurance brings together activities relating to the reinsurance of life, annuity and health lines. The Hannover Re Group also writes business in the accident line here to the extent that it is transacted by life insurers. The operational units are based at 25 locations on all continents in order to offer clients optimal service on a local base.
In addition to HDI AG, which is the employer company of the Talanx Group, the Corporate Operations segment includes the Group’s internal reinsurance broker Talanx Reinsurance Broker GmbH (Talanx Re Broker) and asset management.
Talanx Re Broker is the professional reinsurance advisor and intermediary for non-life reinsurance cessions. The companies Ampega Asset Management GmbH und Ampega Investment GmbH exercise the functions of asset management. The focus here is on the operational subsidiaries of the Talanx Group alongside the services of Ampega Investment GmbH for third parties outside the Group.
HDI AG as employer company of the Talanx Group takes on the function of enhancing efficiencies within the Group by bundling and standardisation, and it focuses on customer orientation and profitability, e.g. through continuous further development of internal processes. The IT segment of HDI AG provides IT services for the Talanx Group. With more than 1,000 employees at the sites Hannover, Cologne, Hilden and Hamburg, the IT services of the divisions Retail Germany, Industrial Lines and the IT services of Corporate Operations and the asset-management companies are bundled in a central function.
Overview of Talanx AG's Group structure