Talanx’s industrial lines unit returns to Q1 profit on remediation efforts
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Talanx’s industrial lines unit returns to Q1 profit on remediation efforts

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Hannover Re and HDI parent Talanx reported a 67% rise in profit to EUR51mn ($61mn) in its industrial lines operations in the first quarter as the group guided towards 2021 net profit at the upper end of its forecast.

Talanx had previously forecast group net income of between EUR800mn and EUR900mn. The group is also expecting gross premiums to rise roughly 5% in the current financial year.

Underwriting

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