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Talanx and Gerling 'in merger talks'.
(From Lloyds List)
GERMAN insurer Talanx, formerly HDI, is in intensive negotiations with Gerling about a possible merging of their operative insurers, according to market sources, writes Herbert Fromme.
Talks are 'far advanced', the sources say. Neither company was prepared to comment.
Should Talanx chief executive Wolf-Dieter Baumgartl and Gerling's group head Bjorn Jansli agree on a merger they would create an industrial insurer with €3bn ($3.6bn) premium income annually. This would put the new company close to market leader ...
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