Talanx 'thoroughly satisfied' after posting €1.2bn profit
German insurance giant Talanx was "thoroughly satisfied" after increasing operating profit 21% to €1.2bn for 2011, despite a turbulent year for the eurozone and high incidences of natural catastrophes.
Gross written premiums for the group, which includes HDI Gerling and Hannover Re, also increased 4% to €23.7bn, driven by all divisions except for Retail Germany, which saw a drop in life insurance.
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