Image: City News
AmpegaGerling takes stake in asset manager C-QUADRAT

Cologne, 13 October. AmpegaGerling Asset Management GmbH is acquiring a stake in C-QUADRAT Investment AG. AmpegaGerling will hold an interest of 25.1% in C-QUADRAT on a long-term basis. An independent quantitative asset manager, C-QUADRAT is promisingly positioned and has won multiple awards for its outstanding management of investment funds.

Photo: Hiroakai Tonooka and Herbert K. Haas
Hiroakai Tonooka (Senior Managing Executive Officer Meiji Yasuda) and Herbert K. Haas (CEO Talanx)

Talanx Foundation awards scholarships

Talanx Foundation awards scholarships

Essen, 19 March. The Talanx Foundation, which was established in 2009, has awarded its first ten scholarships. The recipients are top-flight students from various insurance-related disciplines at selected universities. The scholarship funding lasts for 12 months and may be extended until the end of the regular period of study. In launching this program Talanx AG is actively taking responsibility for the emphasis that it has chosen to place on “Education and training”.

Talanx: strategic cooperation with Japanese life insurer

Hannover/Tokyo, 4 November. The fourth-largest Japanese life insurer Meiji Yasuda and Talanx AG are sealing a long-term strategic cooperation with the goal of leveraging joint business opportunities in foreign markets. Meiji Yasuda is entering into a capital participation of EUR 300 million in Talanx AG. To this end, it is buying a convertible bond that converts to common shares of Talanx if the company goes public. Meiji Yasuda Life will then become a major shareholder of Talanx AG. The special feature of the bond is its recognition as regulatory Tier 1 capital (equity substitute) under Solvency II. With this bond issue the Talanx Group has succeeded in pulling off a true capital market innovation.

Assekurata gives very good rating to Targo Lebensversicherung

Hilden/Dusseldorf, 7 October. Assekurata has given Targo Lebensversicherung a rating of A+ for the seventh consecutive time. The company’s security was singled out for special praise. This is reflected in above-average own funds and unrestricted surplus funds, which at 21.99% are more than double the market figure of 8.89%. The company’s risk management is also assessed as excellent.

Hannover Re supports modeling of
global earthquake risks

Hannover/Pavia, 23 September. Hannover Re has entered into a partnership agreement with the “Global Earthquake Model” (GEM) Foundation. It will contribute EUR 1 million and technical expertise in support of the development of the first global earthquake risk model on an open-source basis. GEM, which was launched by the OECD in 2009, is working on a global model that will provide a diverse user community with consistent information on seismic hazards, earthquake risks and the socioeconomic effects of earthquakes. Hannover Re can incorporate this data into its risk management and its assessment of earthquake risks.

Standard & Poor’s confirms very good rating for HDI-Gerling

Cologne, 22 November. The highly reputed rating agency Standard & Poor’s has confirmed HDI-Gerling Lebensversicherung AG’s long-standing very good rating. With a grade of “A+” with “stable” outlook the company was able to reassert both its financial strength and credit status.

Award-winning children’s policy

Cologne, 12 May. The children’s provision product KÄNGURU.invest offered by HDI-Gerling Lebensversicherung has been rated “very good” by the Institut für Vorsorge und Finanzplanung. The criteria considered were security, flexibility, return and transparency.

Image: City News - Award-winning children’s policy

Image: Topping-out ceremony at Hannover’s largest building site
Topping-out ceremony at Hannover’s largest building site

Hannover, 2 December. Almost exactly one year after the foundation stone was laid for the new building on Riethorst, HDI-Gerling is holding its topping-out ceremony. Jörg Bode, Minister for Economics of the state of Lower Saxony, expressed his satisfaction that Germany’s third-largest insurance group is headquartered in Hannover.

The new head office will use renewable energy resources: by way of example, natural geothermic energy will cover basic energy needs for heating and cooling. In the fall of 2011 some 1,900 staff will move into the new premises.

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CiV Versicherungen becomes
Targo Versicherungen

Hilden, 22 February. With immediate effect Citibank is to begin trading as TARGOBANK. As the exclusive insurance partners of TARGOBANK, the former CiV insurers have also taken on the bank’s new name. The Targo insurers will continue to offer their customary insurance protection products.

Logo: TARGO Versicherungen
HDI-Gerling receives fleet award from trade journal “Autoflotte”

Hannover, 12 April. The insurer HDI-Gerling has been honored as the best motor fleet insurer in 2010. More than 6,000 readers of the trade journal “Autoflotte” voted on the best vehicles, products and service providers in the fleet industry and crowned HDI-Gerling as best fleet insurer.

Photo: City News - Hannover Re
Hannover Re bond issue successful

Hannover, 7 September. Hannover Re is placing a subordinated bond of EUR 500 million on the European capital market. The hybrid bond carries a fixed coupon of 5.75% p.a. (return of 5.75%) in the first ten years, after which the interest basis changes to a floating rate of 4.235% above 3-month EURIBOR. Hannover Re is making the most of the favorable interest rate level to raise additional hybrid capital, further optimize its capital structure and back future growth with capital resources.