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 segments: the divisions of Industrial Lines, Retail Germany, Retail International as well as Reinsurance, 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 150 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 realized 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 division of Retail International concentrates the activities of companies serving retail and commercial customers in the areas of property and casualty 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.
The Corporate Operations division of the Talanx Group includes the Group's own internal reinsurance broker Talanx Reinsurance Broker (Talanx Re Broker), Talanx Reinsurance (Ireland), asset management activities and the service companies.
Talanx Re Broker is the professional reinsurance adviser and intermediary for non-life reinsurance cessions of the Talanx Group.
Talanx Reinsurance (Ireland) SE is an Irish company formed in 2009 and as the Group’s captive reinsurer the company serves as a ‘capital management tool’ assisting to increase Group’s retention.
Asset management functions are performed by the companies Ampega Asset Management, Ampega Real Estate and Ampega Investment. The focus here is on the operational subsidiaries of the Talanx Group as well as services rendered by Ampega Investment for third-party clients outside the Group.
The internal service companies Talanx Service AG and IT service provider HDI Systeme AG are similarly allocated to the Corporate Operations division. HDI Service AG takes responsibility for boosting efficiencies within the Group through concentration and standardisation and is notable for its emphasis on customer orientation and efficiency, e.g. through a constant enhancement of internal processes that promotes a qualified and cost-effective focus on the needs of business partners.
HDI Systeme AG is the IT service provider of the Talanx Group. With more than 1,000 staff at the locations in Hannover, Cologne, Hilden and Hamburg, the IT services provided to the Retail Germany and Industrial Lines divisions as well as to the Talanx holding company, HDI Service AG and the service providers within Corporate Operations are concentrated on a centralised basis in the hands of HDI Systeme AG.
Overview Talanx AG group structure