Talanx has cut its 2018 group net profit outlook to EUR700mn ($811mn) on the back of several large claims and what it called “an unusually large accumulation of frequency losses in industrial property insurance” within its industrial lines division.
Talanx has cut its 2018 group net profit outlook to EUR700mn ($811mn) on the back of several large claims and what it called “an unusually large accumulation of frequency losses in industrial property insurance” within its industrial lines division.